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Treasury

Daily Market Patrol

Market Patrol 26 August 2021

The best way to grow is to recycle capital into new projects.

Michael Polsky
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
U.S dollar gravitated back across the board despite cheerful U.S core durable goods orders.
Fundamental News

EUR/USD
The single currency edged higher to $1.1765, despite downbeat German Ifo Business Climate indicator that fell to 99.4 in August. All eyes on European Central Bank monetary policy meeting at 15:30.

 

GBP/USD
Sterling popped to $1.3755, although The Independent quoted the UK’s head of the Co-op supermarket as saying, “Britain’s post-Brexit supply chain crisis could ‘cancel Christmas’ and continue to cause food shortages well into 2022.”

 

USD/JPY
Yen tumbled to 110.12 per dollar as data showed new orders for key U.S.-made capital goods were steady in July.

 

USD/CAD
The loonie consolidated around 1.2621 against the greenback, waiting for directional clues in Fed's monetary stimulus in Jackson Hole later.

 

AUD/USD
The Australian dollar retreated from one-week high at $0.7280 to $0.7260, unabated by Australia’s Q2 Private Capital Expenditure at 4.4% figures, crossing market consensus at 2.5%.

 

USD/ZAR
Rand vaulted to 14.96 per dollar, as a rebasing of gross domestic product by the statistics agency showed the economy was 11% bigger in 2020 than in the previous estimate.

 

USD/MUR
The dollar-rupee stayed put at 42.85(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

15:30 - EUR - ECB Publishes Account of Monetary Council Meeting

16:30 - USD - GDP (QoQ)(Q2)

16:30 - USD - Initial Jobless Claims

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
-
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
1.1838
1.3858
110.75
15.84
R2
1.1806
1.3813
110.44
15.54
R1
1.1789
1.3788
110.23
15.38
PP
1.1758
1.3742
109.92
15.25
S1
1.1741
1.3672
109.72
14.93
S2
1.1709
1.3672
109.40
14.66
S3
1.1692
1.3647
109.20
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.