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Treasury

Daily Market Patrol

Market Patrol 16 September 2021

I don’t think you can get to be a really good investor over a broad range without doing a massive amount of reading. I don’t think any one book will do it for you.

Charlie Munger
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
The Pound treading water at $1.3835 after upbeat U.K. inflation data
Fundamental News

EUR/USD
The Shared currency sidelined at $1.1811 as investors turn their attention to the U.S. Federal Reserve’s policy decision, due to be handed down next week, for further clues on when the central bank will begin asset tapering.

 

GBP/USD
The sterling held firm at $1.3835 on higher-than-expected U.K. inflation data, which fueled the expectation of a sooner rate hike and stimulus tapering by the Bank of England.

 

USD/JPY
The Japanese yen extended gains to 109.29 against the greenback, supported by upbeat Japanese trade data unveiled earlier today.

 

AUD/USD
The Aussie dollar edged down to $0.7324 after the Reserve Bank of Australia today released its quarterly bulletin with a cautious approach to China economic performance and the COVID-19 situation, while the Australian's employment report was mixed this morning.

 

USD/CAD
The Loonie boosted to 1.2635 against the U.S dollar on bullish oil prices and backed up by upbeat inflation data on Wednesday.

 

USD/ZAR
The South African rand fell on Wednesday as a drop in local retail sales added evidence that riots and tight COVID-19 restrictions caused a severe blow to the economy at the start of the third quarter.

 

USD/MUR
The domestic pair unbothered at 42.75 (Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:00 - EUR - ECB President Lagarde Speaks

16:30 - USD - Core Retail Sales (MoM) (Aug)

16:30 - USD - Philadelphia Fed Manufacturing Index (Sep)

16:30 - USD - Initial Jobless

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
1.1865
1.3927
110.33
15.40
R2
1.1849
1.3891
110.04
14.89
R1
1.1832
1.3866
109.70
14.58
PP
1.1816
1.3830
109.41
14.24
S1
1.1799
1.3805
109.07
14.09
S2
1.1783
1.3769
108.78
13.92
S3
1.1766
1.3744
108.44
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.