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Treasury

Daily Market Patrol

Market Patrol 21 September 2021

Magic exists everywhere. It's a matter of whether you choose to see it.

Christina Tosi
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
USD/MUR spiked to 42.85(selling) in the wake of Bank of Mauritius' intervention.
Fundamental News

EUR/USD
Euro recovered from $1.1698 to $1.1731 after US House Speaker Nancy Pelosi announced hopes for a $3.5 trillion infrastructure bill but remained prepared for any adjustment.

 

GBP/USD
Sterling slammed to a one-month low of $1.3640 before recovering to $1.3673 on uncertainties about the Bank of England's monetary policy while surging gas prices also weighed on the pound.

 

USD/JPY
The yen held gains at 109.57 versus the greenback as fears over the financial crisis in Evergrande, the second-largest real-estate firm in China, causing the global economy to lose growth momentum and forcing investors to seek refuge in safer assets.

 

USD/CAD
The Canadian dollar rallied from 1.29 to 1.2761 against the U.S. currency on Trudeau's election win and oil-price recovery.

 

AUD/USD
Aussie jostled from $0.7218 to $0.7274 on cautious optimism, shrugging off RBA Minutes iteration of virus-led challenges to the economy and rejection rate hike before 2024.

 

USD/ZAR
South Africa's rand soared to 14.71 per dollar, although concerns about property group China Evergrande's solvency stoked risk aversion.

 

USD/MUR
The dollar-rupee spiked by 5 cents to 42.85(selling), buoyed by Bank of Mauritius' intervention on the domestic market, 10 cents higher from its previous intervention.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Building Permits(Aug)

18:30 - EUR - ECB President Lagarde Speaks

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00 -0.25%
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
1.1778
1.3836
110.57
15.40
R2
1.1757
1.3794
110.30
14.89
R1
1.1741
1.3725
109.86
14.58
PP
1.1721
1.3683
109.59
14.24
S1
1.1705
1.3614
109.14
14.09
S2
1.1684
1.3572
108.88
13.92
S3
1.1669
1.3503
108.43
13.59
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.