Market Patrol 13 August 2020

The real voyage of discovery consists not in seeking new landscapes, but in having new eyes.

Marcel Proust

Indicative Selling Rates
against MUR
USD

24 Dec 2024

AUD
30.10
0.6335

BWP
3.49
0.0736

CAD
33.31
1.4261

CNY
6.71
7.0813

DKK
6.72
7.0708

EUR
49.63
1.0447

HKD
6.21
7.6559

INR
0.57
83.8245

JPY
31.07
152.9184

KES
37.33
127.2721

NZD
27.07
0.5698

NOK
4.27
11.1323

SGD
35.52
1.3377

ZAR
2.65
17.9149

SEK
4.36
10.9000

CHF
53.17
1.1192

GBP
59.87
1.2601

USD
47.51
1.0000

AED
13.24
3.5892

EUR/USD surged by 100 pips to $1.1814 amid fading hopes for a compromise over relief legislation for the U.S. economy.

Fundamental News

EUR/USD
The single currency surged by 100 pips to $1.1814 on the back of dollar weakness, amid fading hopes for a compromise between Republicans and Democrats over relief legislation for the U.S. economy.

GBP/USD
The cable knocked down to $1.3005 yesterday as the U.K. economy shrank by 20.4% between April and June, before recovering to $1.3066 on Brexit hopes.

USD/JPY
The Japanese Yen tumbled to 107.01 against the U.S dollar on improvement in the American inflation data, where CPI rose 0.6% last month.

AUD/USD
The Aussie inched up to $0.7187, holding onto gains after data showed the economy created three times as many jobs as expected, and the jobless rate fell from a 22-year high in July.

USD/ZAR
The rand ended a brief recovery rally from 17.33 to 17.48 against the greenback as intensifying tensions between Washington and Beijing prompted investors to stay on the sidelines.

USD/MUR
The pair edged lower by 5 cents to 40.25(selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - USD- Initial Jobless Claims

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

1.1935

1.3128

107.71

18.25

1.1876

1.3098

107.36

17.85

1.1830

1.3066

107.14

17.67

1.1771

1.3036

106.79

17.00

1.1725

1.3004

106.57

16.32

1.1665

1.2973

106.22

16.17

1.1619

1.2941

105.99

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

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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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