Market Patrol 19 August 2021

Frankly, I don’t see markets; I see risks, rewards, and money.

Larry Hite

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 Shared currency lost ground to $1.1677 as Fed on track to taper this year

Fundamental News

EUR/USD
The Shared currency lost ground to $1.1677 on possibility that the U.S. Federal Reserve will begin asset tapering in 2021 gave the U.S. currency a boost.

GBP/USD
Sterling hovered near a 3-1/2-week low at $1.3721 after UK inflation data showed a sharper slowdown than expected.

USD/JPY
The Japanese yen evaporated gains to 110.16 verus the U.S dollar on the rising of the Delta variant of the coronavirus.

AUD/USD
The Aussie dollar nosedived to $0.7196 unbothered better than expected by Australian employment data released earlier in the day due to the number of daily COVID-19 cases in the country has hit a fresh record.

USD/CAD
The Loonie slipped to 1.2699 against the U.S dollar as Canada inflation figures failed to recall bulls, core retail sales data eyed.

USD/ZAR
South Africa's rand fell to 15.03 against a strong dollar as investors awaited minutes from the U.S. Federal Reserve's latest policy meeting, and as easing domestic inflation lowered expectations of a hike in interest rates soon.

USD/MUR
The dollar-rupee jumped by 5 cents to 43.00(selling) on a stronger U.S dollar.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - USD - Initial Jobless Claim

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

1.1785

1.3845

110.66

14.91

1.1764

1.3816

110.36

14.78

1.1737

1.378-6

110.07

14.71

1.1716

1.3757

109.77

14.66

1.1689

1.3727

109.48

14.61

1.1668

1.3698

109.18

14.52

1.1641

1.3668

108.89

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

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

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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.

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