Market Patrol 7 September 2020

Everything you can imagine is real

Pablo Picasso

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 dollar-rupee unchanged at 40.20(selling) for the 12th consecutive days.

Fundamental News

EUR/USD
The Shared currency fell to $1.1780 on Friday after the U.S. jobless rate dropped to 8.4% from 10.2% in July. However, the pair recovered to $1.1834 on Monday, amid market awaiting European Central Bank's meeting on Thursday.

GBP/USD
The Cable remained on the back foot at $1.3224, on fears of a no-deal Brexit gained momentum, as UK PM Johnson threatened the EU to walk out with any deal.

USD/JPY
The Japanese yen slipped to 106.28 against the greenback, on a closed U.S market, as investors awaited the Japanese PM election due on 14th September.

AUD/USD
The Aussie dollar meandered at $0.7281 after China’s August month trade numbers came out better than forecast in today's Asian session.

USD/ZAR
South Africa's rand extended gains to 16.62 versus the U.S dollar supported by the lure of higher yields.

USD/MUR
The dollar-rupee is unchanged at 40.20(selling) for the 12th consecutive days on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

11:30 - GBP - Halifax House Price Index (YoY)

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

17-Sep-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

01-Oct-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

1.1957

1.3461

107.04

17.78

1.1911

1.3410

106.79

17.23

1.1881

1.3345

106.49

17.11

1.1835

1.3294

106.25

16.89

1.1806

1.3229

105.94

16.65

1.1760

1.3178

105.70

16.51

1.1730

1.3113

105.39

16.35

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

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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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