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Treasury

Daily Market Patrol

Market Patrol 27 August 2021

It's never been too late to bet on yourself.

Gail Becker
Indicative Selling Rates
against MUR
USD
18 Apr 2024
  • AUD
  • 30.55
  • 0.6504
  • BWP
  • 3.46
  • 0.0738
  • CAD
  • 34.43
  • 1.3642
  • CNY
  • 6.58
  • 7.1369
  • DKK
  • 6.82
  • 6.8835
  • EUR
  • 50.41
  • 1.0732
  • HKD
  • 6.09
  • 7.7142
  • INR
  • 0.57
  • 82.2069
  • JPY
  • 30.79
  • 152.5363
  • KES
  • 36.08
  • 130.1709
  • NZD
  • 28.05
  • 0.5972
  • NOK
  • 4.37
  • 10.7550
  • SGD
  • 34.90
  • 1.3459
  • ZAR
  • 2.55
  • 18.3894
  • SEK
  • 4.36
  • 10.7728
  • CHF
  • 51.95
  • 1.1061
  • GBP
  • 58.86
  • 1.2531
  • USD
  • 46.97
  • 1.0000
  • AED
  • 12.99
  • 3.6158
Sterling fizzled out to $1.3678 amid Brexit conundrums.
Fundamental News

EUR/USD
The shared currency gathers momentum to $1.1765 after the European Central Bank latest minutes of a meeting revealed a wrangle over the new guidance on interest rates and macroeconomic revisions to align with the board members hawkish views on recent upbeat business activity in Q3.

 

GBP/USD
The British pound fizzled out to $1.3678 as the Brexit conundrums continue to linger on the economy.

 

USD/JPY
Yen popped to 109.93 against the greenback following US Q2 Gross Domestic Product got upward revision to 6.6% QoQ versus 6.5% prior, missing the expected 6.7%, coupled with disappointing weekly U.S jobless claims.

 

USD/CAD
Loonie slammed to 1.2688 per dollar on comments from St. Louis Fed President Bullard that the Fed should have completed its tapering process by the end of March 22, and from Dallas Fed President Kaplan that the strength in the US economy prompts the central bank to begin reducing its monthly asset purchases in October.

 

AUD/USD
Australian dollar recovered from yesterday's low from $0.7219 to $0.7239, even on poor Aussie Retail Sales for July during early Friday.

 

USD/ZAR
Rand firmed at 14.88 against its U.S counterpart on mounting risk appetite ahead of the Federal Reserve's chairman Jerome Powell who is due to deliver a keynote speech later today.

 

USD/MUR
The local pair staggered at 42.85(selling) on the Mauritian market.

Fundamental & Technical Data
Economic Indicators-Local Time

18:00 - USD - Fed Chair Powell Chairs

 

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
1.1805
1.3828
110.54
15.84
R2
1.1792
1.3798
110.39
15.54
R1
1.1772
1.3749
110.24
15.38
PP
1.1759
1.3719
110.08
15.25
S1
1.1739
1.3670
109.93
14.93
S2
1.1726
1.3640
109.78
14.66
S3
1.1706
1.3591
109.63
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.