Market Patrol 9 September 2020

I find that harder I work, the more luck I seem to have

Thomas Jefferson

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 Rand tumbled to 16.93 versus the greenback after S.A. GDP data showed the economy contracted sharply in the second quarter.

Fundamental News

EUR/USD
The Single currency edged lower to $1.1780 on the expectation of a dovish message from the European Central Bank's meeting tomorrow.

GBP/USD
The Pound extended losses to a six-week low at $1.2935 after U.K. Prime Minister Boris Johnson warned that Britain would end the negotiations with Europe if there were no progress on a deal by mid-October.

USD/JPY
The Japanese yen climbed to 105.93 against the greenback on risk aversion, amid heightened U.S.- China geopolitical tensions.

AUD/USD
The Aussie dollar slipped to $0.7223 on Wednesday as risk appetite turned sour in the wake of a stock market rout.

USD/ZAR
South Africa's rand tumbled to 16.93 versus the greenback after S.A. GDP data showed the economy contracted sharply in the second quarter.

USD/MUR
The Dollar-rupee strengthened by 10 cents to 40.30(Selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

16:00 - USD - EIA Short -Term Energy Outlook

18:00 - CAD - BoC Interest Rate decision

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

1.1875

1.3309

106.84

17.78

1.1852

1.3244

106.61

17.23

1.1813

1.3112

106.32

17.11

1.1790

1.3047

106.09

16.89

1.1751

1.2915

105.80

16.65

1.1728

1.2850

105.57

16.51

1.1689

1.2718

105.28

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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