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Treasury

Daily Market Patrol

Market Patrol 20 September 2021

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Jayshree Ullal
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
King U.S dollar skyrocketed across the board in a cautious mood ahead of several central bank meetings.
Fundamental News

EUR/USD
Euro plunged to $1.1711 amid comments from governing council member Gabriel Makhlouf said on Friday that the ECB will probably end the quantitative easing program before raising interest rates. FOMC eyed on Wednesday.

 

GBP/USD
The Sterling tumbled to $1.3704 as US House of Representatives Speaker Pelosi warned Britain on destabilizing Northern Ireland’s peace and condemned no US-UK trade deal before the British government resolved Brexit disagreement with the European Union. Eyes turned to BoE interest rate decision on Thursday.

 

USD/JPY
Yen loitered around 109.91 per dollar, following evaluation over the debt crisis engulfing Evergrande that added discomfort over China's slowing economy and regulatory crackdowns, over thinly-traded market as Japan is closed for holiday, and ahead of BoJ interest rate decision on Wednesday.

 

USD/CAD
The oil-sensitive Canadian dollar nosedived to one month-low 1.28 per dollar ahead of an Canadian election on Monday.

 

AUD/USD
The Australian dollar hammered 0.5% to a three-week low of $0.7227 amid risk-off mood as Australia's government laid out its roadmap out of lockdown.

 

USD/ZAR
South African rand collapsed to 14.82 per dollar, as focus is now local consumer price index data, and South Africa's central bank interest rates decision on Sept. 23.

 

USD/MUR
The local pair drifts higher by 5 cents this morning to 42.80(selling).

Fundamental & Technical Data
Economic Indicators-Local Time
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
1.1832
1.3878
110.52
15.40
R2
1.1811
1.3845
110.30
14.89
R1
1.1768
1.3793
110.11
14.58
PP
1.1746
1.3761
109.89
14.24
S1
1.1703
1.3708
109.69
14.09
S2
1.1682
1.3676
109.47
13.92
S3
1.1639
1.3624
109.28
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.