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Daily Market Patrol

Market Patrol 23 August 2021

Practice makes perfect, even in entrepreneurship.

Ali Tamaseb
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
Dollar-rupee sunk to 42. 85(selling) in the wake of BOM's intervention.
Fundamental News

EUR/USD
The single currency staggered up to $1.1720 from a low of $1.1662 last week, on worries about the Fed's intentions to taper its assets purchases, amid Fed’s virtual Jackson Hole Symposium on Friday.

 

GBP/USD
Sterling clawed back Friday's low at $1.36 to $1.3650 despite downbeat U.K retail sales as compared to the previous month.

 

USD/JPY
The yen consolidated at 109.84 per dollar, even though its safe-haven appeal, as coronavirus cases remained a concern for the Japanese economy.

 

USD/CAD
The oil-linked Canadian dollar rebounded to $1.2775, following last week's thrashing, as oil prices recovered from the lower levels to trade near $63, which capped the downside for the Loonie.

 

AUD/USD
The Aussie edged higher to $0.7156, kicking off this new week with speculation that the Fed could start to ease back on asset purchases this year.

 

USD/ZAR
South Africa's rand dipped to 15.22 against the U.S dollar on broad riskier assets rebound, sapping safe-haven U.S dollar bid.

 

USD/MUR
The local pair dived by 15 cents to 42.85(selling) in the wake of Bank of Mauritius' intervention on the domestic foreign exchange market on Friday.

Fundamental & Technical Data
Economic Indicators-Local Time

11:30 - EUR - German Manufacturing PMI (Aug)

12:30 - GBP - Composite PMI (Aug)

12:30 - GBP - Services PMI (Aug)

12:30 - GBP - Manufacturing PMI (Aug)

18:00 - USD - Existing Home Sales (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
R3
1.1754
1.3893
110.25
15.84
R2
1.1729
1.3670
110.07
15.54
R1
1.1713
1.3646
109.94
15.38
PP
1.1689
1.3624
109.75
15.25
S1
1.1673
1.3600
109.62
14.93
S2
1.1648
1.3578
109.44
14.66
S3
1.1632
1.3554
109.32
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.