Market Patrol 4 September 2020

Once you start giving, it grows inside you, becomes more important to you to give.

Edward Stack

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

U.S dollar strengthened overnight ahead of U.S Non-Farm Payrolls.

Fundamental News

EUR/USD
The single currency cascaded to $1.1788 yesterday after Eurozone retail sales disappointed with a drop in July, and recovered to $1.1850 now.

GBP/USD
The cable plunged to $1.3240 due to a lack of progress in trade negotiations between Britain and the European Union.

USD/JPY
The Japanese Yen soared to 106.15 per dollar after ISM Non-Manufacturing PMI for August came worst-than-anticipated.

AUD/USD
The Aussie soared from $0.7248 to $0.7270, buoyed by Australian retail sales increased by 3.2% in July.

USD/ZAR
The rand has struggled over the recent sessions and dived to 16.72 against the greenback as South African private sector activity contracted for the 16th straight month in August, albeit at a slower rate.

USD/MUR
The dollar-rupee stayed put at 40.20(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

12:30 - GBP - Construction PMI (Aug)

16:30 - USD - Non-farm Payrolls (Aug)

16:30 - USD - Unemployment Rate (Aug)

18:00 - CAD - Ivey PMI (Aug)

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

1.1957

1.3461

107.04

17.78

1.1911

1.3410

106.79

17.23

1.1881

1.3345

106.49

17.11

1.1835

1.3294

106.25

16.89

1.1806

1.3229

105.94

16.65

1.1760

1.3178

105.70

16.51

1.1730

1.3113

105.39

16.35

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Reshma Peerun Rajwani

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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