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Treasury

Daily Market Patrol

Market Patrol 18 August 2021

If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.

Mark Douglas
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 dollar rupee climbed by 5 cents to 42.95(selling) on U.S dollar strength, FOMC minutes eyed.
Fundamental News

EUR/USD
The single currency weighed down to $1.1713 amid a general risk-off mood, while the EU Industrial Production fell 0.3% in June compared to the market expectation of 0.2% drop, EU CPI eyed.

 

GBP/USD
The Cable dived to $1.3742 despite a better than expected UK jobs report, amid the market awaiting UK CPI to clarify BOE’s hawkish stand later today.

 

USD/JPY
The Japanese yen extended losses to 109.65 versus the greenback as Japan’s recent rise in covid-19 cases urged the government to extend its state of emergency in Tokyo and seven more prefectures. Investors await FOMC minutes later today.

 

AUD/USD
The Australian dollar slipped to $0.7263 in the wake of its proxy's RBNZ postponing its plans to hike interest rates as New Zealand went into lockdown following the first local COVID-19 infection in six months.

 

USD/CAD
The Canadian dollar pressurized to 1.2610 against the U.S dollar on a combination of falling commodity prices, unexpected election calls and amid domestic inflation data today.

 

USD/ZAR
South Africa's rand surprisingly ticked up to 14.83 per U.S dollar, although global risk appetite was dented by the spread of the Delta coronavirus variant and developments in Afghanistan.

 

USD/MUR
The dollar-rupee inched up by 5 cents to 42.95(selling) on U.S dollar strength.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - CPI (YoY) (Jul)

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

16:30 - USD - Building Permits (Jul)

16:30 - CAD - Core CPI (MoM)(Jul)

22:00 - USD - FOMC Meetings Minutes

 

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
1.1836
1.3935
110.33
14.91
R2
1.1810
1.3890
110.00
14.78
R1
1.1760
1.3815
109.79
14.71
PP
1.1734
1.3770
109.46
14.66
S1
1.1684
1.3695
109.25
14.61
S2
1.1658
1.3650
108.92
14.52
S3
1.1608
1.3575
108.71
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.