Market Patrol 10 September 2020

All progress takes place outside the comfort zone.

Michael John Bobak

Indicative Selling Rates
against MUR
USD

20 Dec 2024

AUD
30.10
0.6322

BWP
3.54
0.0745

CAD
33.29
1.4301

CNY
6.72
7.0815

DKK
6.71
7.0904

EUR
49.58
1.0414

HKD
6.22
7.6568

INR
0.57
83.7507

JPY
31.08
153.1735

KES
37.41
127.2757

NZD
27.03
0.5677

NOK
4.24
11.2216

SGD
35.54
1.3396

ZAR
2.68
17.7715

SEK
4.37
10.8960

CHF
53.34
1.1203

GBP
59.72
1.2543

USD
47.61
1.0000

AED
13.26
3.5895

The Dollar-rupee edged back to 40.20(Selling) in the wake of BOM's intervention yesterday.

Fundamental News

EUR/USD
The Shared currency jumped to $1.1830 on Wednesday after Bloomberg News reported that the European Central Bank officials are growing more confident in the bloc's economic outlook. Traders will be closely watching the ECB meeting due today.

GBP/USD
The Pound pulled back from a six-week low of $1.2882 to $1.2992 after an EU statement said it would not suspend Brexit negotiations over the British government's new internal market bill.

USD/JPY
The Japanese Yen dropped to 106.12 against the greenback on improved risk sentiment and a spike in U.S. Treasury yields.

AUD/USD
The Aussie dollar soared to $0.7278 after a strong recovery in risky assets and commodity prices.

USD/ZAR
The rand rebounded to 16.63 versus the greenback on Wednesday after a survey showed that South Africa's business confidence recovered from an all-time low in the third quarter of the year.

USD/MUR
The Dollar-rupee edged back to 40.20(Selling) in the wake of Bank of Mauritius' intervention yesterday.

Fundamental & Technical Data

Economic Indicators-Local Time

15:45 - EUR - ECB Interest Rate Decision (Sep)

15:45 - EUR - Deposit Facility Rate (Sep)

15:45 - EUR - ECB Monetary Policy Statement

15:45 - EUR - ECB Marginal Lending Facility

16:30 - USD - PPI(MoM) (Aug)

16:30 - USD - Initial Jobless claims

16:30 - EUR - ECB Press Conference

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

1.1922

1.3194

106.84

17.78

1.1878

1.3109

106.61

17.23

1.1821

1.3055

106.32

17.11

1.1797

1.2970

106.09

16.89

1.1760

1.2915

105.80

16.60

1.1716

1.2831

105.57

16.51

1.1679

1.2777

105.28

16.35

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Head - Forex And Derivatives

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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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