Market Patrol 7 August 2020

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Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

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

1.2028

1.3255

106.42

18.25

1.1966

1.3220

106.14

17.85

1.1916

1.3182

105.87

17.67

1.1854

1.3147

105.59

17.00

1.1804

1.3109

105.32

16.32

1.1742

1.3074

105.04

16.17

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

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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.

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