Market Patrol 20 August 2021

In trading, the impossible happens about twice a year.

Henri M Simoes

Indicative Selling Rates
against MUR
USD

23 Apr 2024

AUD
30.68
0.6522

BWP
3.45
0.0733

CAD
34.62
1.3589

CNY
6.58
7.1457

DKK
6.82
6.8986

EUR
50.38
1.0709

HKD
6.09
7.7204

INR
0.57
82.0223

JPY
30.75
152.9787

KES
35.74
131.6321

NZD
28.10
0.5974

NOK
4.37
10.7565

SGD
34.91
1.3474

ZAR
2.53
18.5665

SEK
4.39
10.7267

CHF
51.90
1.1034

GBP
58.40
1.2415

USD
47.04
1.0000

AED
13.01
3.6157

The Canadian Dollar and the Australian Dollar hammered on risk aversion.

Fundamental News

EUR/USD
The Shared currency struggled to make much headway at $1.1684, undermined by fears that the Delta coronavirus variant could delay the global economic recovery.

GBP/USD
The Cable extended losses to $1.3625 on Brexit, covid woes and ahead of UK Retail Sales figures today.

USD/JPY
The Japanese yen gained to 109.68 versus the greenback as a flight to safe-haven currency helped the JPY stay resilient.

AUD/USD
The Aussie dollar hammered to $0.7126, with most of the country under lockdown to battle a COVID-19 outbreak.

USD/CAD
The Canadian dollar plummeted to a fresh six-month low of $1.2832 against the U.S dollar amid a plunge in oil prices.

USD/ZAR
South Africa's rand dived to 15.23 per U.S dollar, its weakest level in more than five months, on expectations the U.S. Federal Reserve will start tapering its huge stimulus this year.

USD/MUR
The dollar-rupee stayed put at 43.00(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

10:00 - GBP - Retail Sales (MoM)(Jul)

16:30 - CAD - Core Retail Sales (MoM)(Jul)

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

1.1757

1.3842

110.91

16.27

1.1737

1.3800

110.57

15.46

1.1707

1.3717

110.17

15.28

1.1687

1.3675

109.83

14.66

1.1657

1.3592

109.43

14.61

1.1637

1.3550

109.09

14.52

1.1607

1.3467

108.69

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

Previous View Market Patrol Archives Next

Markey update on Biz Week by Christie Ng

Listen

Speak to our team

Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

Email

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.

Treasury

Daily Market Patrol