Market Patrol 15 September 2020

The language of entrepreneurship is more common than English.

Sir Ronald Cohen

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

USD/MUR lingered at 40.20(selling) post-BOM intervention.

Fundamental News

EUR/USD
The single currency soared to $1.19, on the back of broad dollar weakness after the Trump administration rolled back its plans for an import ban on cotton and tomato products from China’s Xinjiang region.

GBP/USD
The cable retreated from high of $1.2918 to $1.2865, despite the UK government won an initial Parliamentary vote on its controversial bill to violate the Brexit deal with the European Union.

USD/JPY
The safe-haven yen vaulted to a two-week low at 105.55 per dollar on Monday following Yoshihide Suga election as the president of Japan's ruling Liberal Democratic Party.

AUD/USD
The Aussie slipped to $0.7330 as odds narrowed for further monetary policy easing by the country's central bank.

USD/ZAR
South Africa's rand firmed at 16.60 against the greenback lifted by improved risk appetite globally as a coronavirus vaccine trial was back on track.

USD/MUR
The dollar-rupee lingered at 40.20(selling) in the wake of the Bank of Mauritius' intervention on the FX market yesterday.

Fundamental & Technical Data

Economic Indicators-Local Time

10:00 - GBP - Average Earnings + Bonus (Jul)

13:00 - EUR - German ZEW Economic Sentiment (Sep)

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

1.1948

1.3061

106.70

17.78

1.1918

1.2990

106.43

17.23

1.1893

1.2919

106.08

17.11

1.1862

1.2848

105.81

16.89

1.1837

1.2776

105.46

16.60

1.1806

1.2705

105.20

16.51

1.1781

1.2634

104.84

16.35

Previous View Market Patrol Archives Next

Weekly Market Update by Reshma Peerun Rajwani

Listen

Speak to our team

Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

Email

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.

Treasury

Daily Market Patrol