Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 9 September 2021

Being invested in a company is exciting - not only do you have a vested interest, but you got to go on a journey as the company grows.

Andy Murray
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
Cable nosedived to $1.3724 on British tax hikes.
Fundamental News

EUR/USD
Euro dipped to $1.1811 on comments from ECB policymaker Robert Holzmann on Wednesday that ECB could tighten policy sooner than many anticipate as inflationary pressures could prove to be persistent. All eyes on European Central Bank meeting later.

 

GBP/USD
Sterling dived for the third straight day on Wednesday to $1.3724, triggered by British government's announcement of a tax hike to fund health spending and social care.

 

USD/JPY
Yen held ground benefiting from its safe-haven appeal at 110.12 per dollar after New York Fed Bank President John Williams said that more progress is needed in the labor market to achieve the "substantial further progress" for the Fed's maximum employment goal.

 

USD/CAD
Loonie hammered to 1.2766 per dollar following Bank of Canada leaving its key interest rate at a record low 0.25% and maintained its current quantitative easing program on Wednesday.

 

AUD/USD
Aussie plunged to $0.7352 as China's factory gate inflation hit a 13-year high in August driven by roaring raw materials prices.

 

USD/ZAR
Rand drifted higher to 14.20, despite South African Reserve Bank Governor Lesetja Kganyago made the case for adopting a more stringent inflation target.

 

USD/MUR
The local pair unchanged at 42.80(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

15:45 - EUR - Deposit Facility Rate(Aug)

15:45 - EUR - ECB Marginal Lending Facility

15:45 - EUR - ECB Monetary Policy Statement

15:45 - EUR - ECB Interest Rate Decision

16:30 - USD - Initial Jobless Claims

16:30 - EUR - ECB Press Conference

19:00 - USD - Crude Oil Inventories

 

 

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
1.1893
1.3863
110.72
15.84
R2
1.1872
1.3827
110.58
15.54
R1
1.1844
1.3799
110.42
15.38
PP
1.1823
1.3763
110.28
15.25
S1
1.1795
1.3735
110.11
14.31
S2
1.1774
1.3699
109.97
14.20
S3
1.1746
1.3671
109.81
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.