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Treasury

Daily Market Patrol

Market Patrol 7 September 2021

In investing what is comfortable is rarely profitable.

Robert Arnott
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
U.S dollar hovered near lows ahead of a slew of central banks meetings for directional clues.
Fundamental News

EUR/USD
Euro capped below $1.1880 before European Central Bank announced the roadmap for its emergency bond purchases from next quarter on Thursday.

 

GBP/USD
Sterling lost ground to $1.3842 after Britain's construction industry for August grew at its weakest pace since February 2021, crushed by a severe shortage of building supplies which have risen sharply in price.

 

USD/JPY
Yen hovered near 109.80 against the greenback, even though Japan's ruling party head candidate Fumio Kishida promised massive monetary stimulus, with a 2% target inflation, if elected.

 

USD/CAD
Loonie loitered around its highest level at 1.2537 per dollar in three weeks amid Bank of Canada's interest rate decision tomorrow.

 

AUD/USD
Aussie tumbled to $0.7425, soured after the Reserve Bank of Australia kept the official cash rate steady at a record low of 0.10% at their September monetary policy meeting and indicated to pause on the Bond tapering plan.

 

USD/ZAR
Rand rocketed to 14.22 per dollar, ahead of South Africa's second-quarter gross domestic product figures on Tuesday.

 

USD/MUR
The dollar-rupee stayed put at 42.80(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

08:30 - AUD - RBA Interest Rate Decision

13:00 - EUR - German ZEW Economic Sentiment (Sep)

 

 

 

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
1.1917
1.3922
110.22
15.84
R2
1.1902
1.3898
110.08
15.54
R1
1.1886
1.3867
109.97
15.38
PP
1.1874
1.3843
109.84
15.25
S1
1.1856
1.3811
109.72
14.31
S2
1.1840
1.3787
109.59
14.20
S3
1.1825
1.3756
109.48
13.99
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.