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Daily Market Patrol

Market Patrol 7 August 2020

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Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The Pound Sterling off 5-Month highs despite Bank of England's cheery tone.
Fundamental News

EUR/USD
The Shared currency played defense to $1.1840 after an upbeat U.S jobless claims report inspired the greenback strength ahead of Today's non-farm payrolls report.

 

GBP/USD
The Cable slipped to $1.3131 despite the Bank of England's governor Andrew Bailey backed the central bank's optimistic tone on the U.K. economic recovery.

 

USD/JPY
The Japanese yen ticked down to 105.57 against the U.S dollar, despite positive Japan's Household spending.

 

AUD/USD
The Aussie dollar edged lower to $0.7200 on concerns about worsening U.S.-China relations, coupled with the Reserve Bank of Australia's downbeat assessment of the local economy.

 

USD/ZAR
South Africa's rand fell to its lowest in 10 weeks at 17.52/dlr as investors' risk appetite dwindled.

 

USD/MUR
The Mauritian rupee surged by 10 cents to 40.25(Selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Nonfarm payrolls (Jul)

16:30 - USD - Unemployment Rate (Jul)

16:30 - CAD - Employment Change (Jul)

18:00 - CAD - Ivey PMI (Jul)

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
14-Sep-2020
European Central Bank
0.00%
10-Mar-2016
10-Sep-2020
Bank of England
0.10%
19-May-2020
-
Bank of Japan
-0.10%
28-Jan-2016
17-Sep-2020
Reserve Bank of Australia
0.25%
18-Mar-2020
01-Sep-2020
S.Africa Reserve Bank
3.50%
23-Jul-2020
17-Sep-2020
Reserve Bank of India
4.00%
22-May-2020
-
Bank of Mauritius
1.85%
16-Apr-2020
-
Looking for Markets correlation?
Market Correlation is a measure, statistical or observational, that gives a positive or negative link between the pricing of multiple currencies.

Bulls & Bears Levels
Resistance and Support
Levels
EUR/USD
GBP/USD
USD/JPY
USD/ZAR
R3
1.2028
1.3255
106.42
18.25
R2
1.1966
1.3220
106.14
17.85
R1
1.1916
1.3182
105.87
17.67
PP
1.1854
1.3147
105.59
17.00
S1
1.1804
1.3109
105.32
16.32
S2
1.1742
1.3074
105.04
16.17
S3
1.1692
1.3036
104.77
16.00
Technical Analysis - Forex Charts
Japanese Yen may flirt to 105.30/19/dlr, further underscoring what may appear to be a buoyant month.
Chart updated on 24.07.2020
USD/CAD - Early stage of a bullish run.
Chart posted on 24.07.2020
Weekly FX Market Analysis by Karishma Sewock Nobutsing on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
Disclaimer
Please note that the information published is purely indicative. It is based on technical data from sources which the Bank verily believes to be authentic, though its timeliness or accuracy cannot be warranted or guaranteed. AfrAsia Bank Ltd issues no invitation to anyone to rely on this bulletin and neither we nor our information providers shall be in no way whatsoever, liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness, or for any delay or interruption in the transmission thereof to the user. The indicative rates and other market information are subject to changes at the Bank's discretion. Whilst every effort is made to ensure the information is accurate, you should confirm the latest situation with the Bank prior to making any decisions.