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Treasury

Daily Market Patrol

Market Patrol 10 September 2021

You have an opportunity as a CEO to influence the conversation around the table.

Margaret Keane
Indicative Selling Rates
against MUR
USD
19 Apr 2024
  • AUD
  • 30.42
  • 0.6459
  • BWP
  • 3.47
  • 0.0737
  • CAD
  • 34.46
  • 1.3664
  • CNY
  • 6.60
  • 7.1402
  • DKK
  • 6.82
  • 6.9093
  • EUR
  • 50.34
  • 1.0691
  • HKD
  • 6.10
  • 7.7148
  • INR
  • 0.57
  • 82.1874
  • JPY
  • 30.85
  • 152.6385
  • KES
  • 35.97
  • 130.9049
  • NZD
  • 27.96
  • 0.5937
  • NOK
  • 4.35
  • 10.8251
  • SGD
  • 34.91
  • 1.3490
  • ZAR
  • 2.53
  • 18.6446
  • SEK
  • 4.35
  • 10.8361
  • CHF
  • 52.18
  • 1.1081
  • GBP
  • 58.79
  • 1.2484
  • USD
  • 47.09
  • 1.0000
  • AED
  • 13.02
  • 3.6162
EUR/USD hovered near $1.1830 as ECB slow bond purchases.
Fundamental News

EUR/USD
Euro hovered near $1.1830 after the European Central Bank said it would trim emergency bond purchases over the coming quarter.

 

GBP/USD
Pound pierced to $1.3850, but gains were limited after the Leader of Northern Ireland’s largest British unionist party highlighted post-Brexit tensions.

 

USD/JPY
Yen cascaded from yesterday's high 109.60 to 109.87 against its U.S counterpart, despite that the number of Americans filing new claims for jobless benefits fell last week to the lowest level in nearly 18 months.

 

USD/CAD
Loonie soared to 1.2648 per dollar, shrugging off the heavy fall in prices of Canada’s main export item, WTI crude oil. The scheduled release of Canada’s August month jobs report will be important to follow.

 

AUD/USD
Aussie struggled at $0.7383 as virus woes escalated after Australia’s second consecutive day of increasing cases, joining grim numbers globally.

 

USD/ZAR
South Africa's rand weakened to 14.16 per dollar, although domestic current account data recorded its largest surplus in the second quarter.

 

USD/MUR
The local pair remained flat at 42.80(selling) on the Mauritian market.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - GDP(MoM)

10:00 - GBP - GDP(YoY)

10:00 - GBP - Monthly GDP 3M/3M Change

16:30 - USD - PPI(MoM)(Aug)

16:30 - CAD - Employment Change (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
1.1879
1.3990
110.79
15.40
R2
1.1860
1.3927
110.54
14.89
R1
1.1843
1.3881
110.12
14.58
PP
1.1824
1.3818
109.87
14.24
S1
1.1807
1.3772
109.46
14.09
S2
1.1788
1.3709
109.21
13.92
S3
1.1770
1.3663
108.79
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.