Market Patrol 25 August 2020

When you are going through an uncertain time and crisis, over-communicating is so important.

Sara Blakely

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 U.S dollar sunk amid positive U.S-China trade talks.

Fundamental News

EUR/USD
The single currency wiggled around $1.1807, ahead of Germany's IFO Business Climate index, due at 0800 GMT for clues as to the relative performance of the two economies.

GBP/USD
The cable surged from $1.3048 to $1.3097 although lingering concerns over the lack of progress in talks between British and European Union Brexit negotiators.

USD/JPY
The Japanese Yen cascaded to 106 over the dollar, undermined by a Financial Times report which said that U.S. authorities were considering fast-tracking approval for a COVID-19 vaccine being developed by AstraZeneca and Oxford University.

AUD/USD

The trade-sensitive Aussie tumbled to $0.7170 despite the United States and China both hailed a phone call between their top trade officials as a success.

USD/ZAR
South Africa's rand rallied to 16.91 per dollar on Monday helped by a risk-on mood on global markets after U.S. regulators approved a treatment for COVID-19 patients.

USD/MUR
The pair stay unchanged at 40.20(Selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

10:00 - EUR - German GDP (QoQ)(Q2)

12:00 - EUR - German Ifo Business Climate Index (Aug)

18:00 - USD - CB Consumer Confidence (Aug)

18:00 - USD - New Home Sales (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

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

1.1896

1.3219

106.39

17.78

1.1873

1.3184

106.20

17.23

1.1830

1.3124

106.09

17.06

1.1807

1.3089

105.89

16.89

1.1765

1.3029

105.78

16.65

1.1742

1.2994

105.58

16.51

1.1700

1.2934

105.47

16.35

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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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