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Treasury

Daily Market Patrol

Market Patrol 31 August 2021

The fundamental law of investing is the uncertainty of the future

Peter Bernstein
Indicative Selling Rates
against MUR
USD
25 Apr 2024
  • AUD
  • 30.77
  • 0.6565
  • BWP
  • 3.43
  • 0.0733
  • CAD
  • 34.51
  • 1.3581
  • CNY
  • 6.56
  • 7.1473
  • DKK
  • 6.83
  • 6.8649
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.08
  • 7.7125
  • INR
  • 0.57
  • 82.0612
  • JPY
  • 30.50
  • 153.6760
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.10
  • 0.5994
  • NOK
  • 4.36
  • 10.7536
  • SGD
  • 34.80
  • 1.3468
  • ZAR
  • 2.52
  • 18.6007
  • SEK
  • 4.37
  • 10.7251
  • CHF
  • 51.57
  • 1.1003
  • GBP
  • 58.71
  • 1.2526
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6157
The Loonie extended its winning streak on strong oil prices
Fundamental News

EUR/USD
The Shared currency extended gains to $1.1819 ahead of Eurozone CPI data later in the day.

 

GBP/USD
The Cable modestly gained to $1.3784 although the pessimism surrounding the EU-UK ties over the Northern Ireland protocol remains a challenge for the British pound.

 

USD/JPY
The Japanese yen lost ground to 109.89 against the greenback as investors looked to U.S. jobs figures later this week for clues on taper timing.

 

AUD/USD
The Aussie dollar ticked up to $0.7317 despite China NBS Manufacturing PMI and Non-Manufacturing PMI lag behind market consensus and prior readings in August.

 

USD/CAD
The Loonie extended its winning streak to 1.2594 against the U.S dollar after hitting a two-week high on Monday as strong oil prices led to a wider-than-expected Canadian current account.

 

USD/ZAR
The South African rand clinched to 14.63 per U.S dollar, boosted along with other risk-sensitive currencies, by investor confidence that the U.S. Federal Reserve was in no rush to step away from its massive pandemic-era stimulus.

 

USD/MUR
The dollar-rupee stayed put at 42.85(Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

11:55 - EUR - German Unemployment Change (Aug)

13:00 - EUR - CPI (YoY)(Aug)

16:30 - CAD - GDP (MoM)(Jul)

18:00 - USD - CB Consumer Confidence (Aug)

 

 

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
1.1837
1.3818
110.29
15.84
R2
1.1824
1.3796
110.12
15.54
R1
1.1810
1.3777
110.03
15.38
PP
1.1797
1.3755
109.89
15.25
S1
1.1783
1.3736
109.77
14.93
S2
1.1770
1.3714
109.60
14.66
S3
1.1756
1.3695
109.51
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.