Market Patrol 26 August 2020

Success is not final, failure is not fatal. It is the courage to continue that counts.

Winston S.Churchill

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 Single currency retreated to $1.1810 on caution ahead of Powell’s speech on Thursday.

Fundamental News

EUR/USD

The Shared currency initially rose to $1.1846 on better-than-expected German business morale data the previous day, before retreating to $1.1810 this morning on caution ahead of a key U.S. Federal Reserve speech on Thursday.

GBP/USD

The Pound Sterling climbed to $1.3126, shrugging off an unexpected drop in Britain's monthly retail sales data on Tuesday.

USD/JPY

The Japanese yen lost ground to 106.37versus the greenback despite upbeat prints of Japan’s Corporate Service Price Index data earlier today.

AUD/USD

The Australian dollar nudged up to $0.7191 as risk appetite got a boost from positive Sino-U.S. trade developments.

USD/ZAR

The South African rand extended gains to 16.81 against the U.S. dollar, as riskier currencies cheered positive signals from trade talks between the United States and China.

USD/MUR

The Dollar-rupee stayed put at 40.20(Selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - USD - Core Durable Goods Orders (MoM) (Jul)

18:30 - USD - Crude oil inventories

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

107.04

17.78

1.1873

1.3184

106.39

17.23

1.1850

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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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

+230 403 5500

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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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