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Treasury

Daily Market Patrol

Market Patrol 01 September 2021

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Alexander Elder
Indicative Selling Rates
against MUR
USD
20 May 2024
  • AUD
  • 31.29
  • 0.6765
  • BWP
  • 3.48
  • 0.0752
  • CAD
  • 34.28
  • 1.3494
  • CNY
  • 6.49
  • 7.1298
  • DKK
  • 6.85
  • 6.7581
  • EUR
  • 50.57
  • 1.0931
  • HKD
  • 6.02
  • 7.6834
  • INR
  • 0.56
  • 81.9464
  • JPY
  • 30.06
  • 153.9165
  • KES
  • 35.81
  • 129.1711
  • NZD
  • 28.61
  • 0.6185
  • NOK
  • 4.43
  • 10.4478
  • SGD
  • 34.75
  • 1.3311
  • ZAR
  • 2.63
  • 17.5910
  • SEK
  • 4.38
  • 10.5588
  • CHF
  • 51.21
  • 1.1069
  • GBP
  • 59.06
  • 1.2766
  • USD
  • 46.26
  • 1.0000
  • AED
  • 12.80
  • 3.6152
The single currency rally fizzled out below $1.1800, despite upbeat Eurozone inflation.
Fundamental News

EUR/USD
The single currency flocked back from $1.1847 to $1.1796 this morning, although Eurozone inflation data on Tuesday jumped to a 10-year high in August. German Manufacturing PMI data eyed in the European session.

 

GBP/USD
The Cable extended its slide to $1.3735 on Brexit and coronavirus concerns ahead of U.K PMI data today.

 

USD/JPY
The Japanese yen lost round to 110.21 against the greenback as markets remain cautious ahead of US PMI and US ADP Employment Change.

 

AUD/USD
The Aussie dollar ticked down to $0.7314 despite the Australian GDP grew 9.6% year-on-year and 0.7% quarter-on-quarter in the second quarter of 2021.

 

USD/CAD
The Loonie snapped to 1.2622 against the greenback as Canadian GDP disappointed investors.

 

USD/ZAR
South Africa's rand strengthened to 14.51 as the U.S dollar remained pressured by the U.S. Federal Reserve's dovish stance and looked to U.S. jobs data later in the week for clues on the U.S. labour market.

 

USD/MUR
The dollar-rupee stayed put at 42.85(Selling) for the 8th consecutive day.

Fundamental & Technical Data
Economic Indicators-Local Time

11:55 - EUR - German Unemployment Change (Aug)

13:00 - EUR - CPI (YoY)(Aug)

16:30 - CAD - GDP (MoM)(Jul)

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

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
-
16-Mar-2020
22-Sep-2021
European Central Bank
0.00%
10-Mar-2016
09-Sep-2021
Bank of England
0.10%
19-May-2020
23-Sep-2021
Bank of Japan
-0.10%
28-Jan-2016
21-Sep-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
07-Sep-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
08-Oct-2021
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
R3
1.1888
1.3859
110.68
15.84
R2
1.1866
1.3833
110.38
15.54
R1
1.1838
1.3794
110.19
15.38
PP
1.1816
1.3768
109.89
15.25
S1
1.1788
1.3729
109.70
14.93
S2
1.1766
1.3703
109.40
14.66
S3
1.1738
1.3664
109.21
14.21
Technical Analysis - Forex Charts
EURGBP riding wave C
Chart updated on 21.06.2021
127% appears to be good level for short term rebound to the upside for GBPJPY
Chart posted on 21.07.2021
Markey update on Biz Week by Christie Ng
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.