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Treasury

Daily Market Patrol

Market Patrol 03 September 2021

I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime

Jim Rogers
Indicative Selling Rates
against MUR
USD
03 May 2024
  • AUD
  • 31.03
  • 0.6638
  • BWP
  • 3.36
  • 0.0720
  • CAD
  • 34.49
  • 1.3553
  • CNY
  • 6.55
  • 7.1406
  • DKK
  • 6.83
  • 6.8459
  • EUR
  • 50.43
  • 1.0787
  • HKD
  • 6.07
  • 7.6974
  • INR
  • 0.57
  • 82.0550
  • JPY
  • 30.90
  • 151.2966
  • KES
  • 35.26
  • 132.5927
  • NZD
  • 28.16
  • 0.6023
  • NOK
  • 4.35
  • 10.7493
  • SGD
  • 34.91
  • 1.3393
  • ZAR
  • 2.60
  • 17.9742
  • SEK
  • 4.37
  • 10.7042
  • CHF
  • 51.73
  • 1.1065
  • GBP
  • 58.96
  • 1.2613
  • USD
  • 46.75
  • 1.0000
  • AED
  • 12.93
  • 3.6160
The Shared currency surged to a one-month high at $1.1878 ahead of U.S Non farm payroll data.
Fundamental News

EUR/USD
The Shared currency surged to a  one-month high at $1.1878 with weak U.S. private payrolls data raising doubts about the country’s labour market recovery ahead of U.S Non-farm payroll data.

 

GBP/USD
The Cable extended gains to $1.3835, although UK PM Johnson proposed a tax hike to pay for social care.

 

USD/JPY
The Japanese yen meandered at 110.03 against the U.S dollar unbothered by Japanese PM Yoshihide Suga comments that he has decided not to run in Liberal Democratic Party (LDP) leadership race and that instead, he will focus on coronavirus measures.

 

AUD/USD
The Aussie soared to $0.7405, helped by Australia's trade surplus, widening to a record in July as exports of resources all rose strongly.

 

USD/CAD
The Loonie spiked to 1.2555 versus the greenback on the back of crude oil price decisive rebound, shrugging off below than expected Canadian data.

 

USD/ZAR
South African rand modestly gained to 14.35, as investors turned cautious ahead of a U.S. jobs report on Friday that could affect expectations over the Federal Reserve's policy path.

 

USD/MUR
The dollar-rupee stayed put at 42.80(Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Services PMI (Aug)

12:30 - GBP - Composite PMI (Aug)

16:30 - USD - Nonfarm Payroll (Aug)

12:30 - USD - Unemployment Rate (Aug)

18:00 - USD - ISM Non-Manufacturing PMI (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
1.1931
1.3933
110.27
15.84
R2
1.1903
1.3887
110.19
15.54
R1
1.1890
1.3861
110.07
15.38
PP
1.1862
1.3815
109.99
15.25
S1
1.1849
1.3789
109.87
14.31
S2
1.1821
1.3743
109.79
14.20
S3
1.1808
1.3717
109.67
13.99
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.