Market Patrol 02 September 2021

Sheer will and determination is no substitute for something that actually works

Jason Klatt

Indicative Selling Rates
against MUR
USD

15 Jan 2025

AUD
29.79
0.6292

BWP
3.43
0.0726

CAD
33.27
1.4229

CNY
6.66
7.1114

DKK
6.64
7.1328

EUR
49.01
1.0354

HKD
6.17
7.6752

INR
0.56
85.1083

JPY
30.82
153.5780

KES
37.13
127.5093

NZD
26.80
0.5661

NOK
4.25
11.1335

SGD
35.15
1.3467

ZAR
2.59
18.2579

SEK
4.30
11.0196

CHF
52.22
1.1031

GBP
58.07
1.2267

USD
47.34
1.0000

AED
13.19
3.5889

The dollar-rupee slipped by 5 cents to 42.80(Selling) in the wake of Bank of Mauritius intervention yesterday.

Fundamental News

EUR/USD
The Shared currency regained traction to $1.1834, although German retail sales contracted 5.1% MoM in July and 0.3% from a year earlier.

GBP/USD
The Cable climbed to $1.3877 after UK Final Manufacturing PMI beats estimates in August.

USD/JPY
The Japanese yen recovered to 110 against the greenback after softer than expected U.S. private labour data on Wednesday.

AUD/USD
The Aussie dollar flew to $0.7368, with Australia releasing better-than-expected trade data for July earlier in the day.

USD/CAD
The Canadian dollar ticked down to 1.2624 against the U.S dollar as oil prices bear the burden of Russian support to OPEC+ output hike.

USD/ZAR
South Africa's rand extended recent gains to 14.41 ahead of the U.S. jobs report on Friday, which is expected to guide the timing of the Federal Reserve's pullback in bond buying.

USD/MUR
The dollar-rupee slipped by 5 cents to 42.80(Selling) after the Bank of Mauritius' intervention yesterday.

Fundamental & Technical Data

Economic Indicators-Local Time

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

1.1929

1.3867

110.89

15.84

1.1893

1.3833

110.65

15.54

1.1866

1.3800

110.35

15.38

1.1830

1.3766

110.11

15.25

1.1803

1.3733

109.81

14.93

1.1767

1.3699

109.57

14.66

1.1740

1.3666

109.27

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

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Head - Forex And Derivatives

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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.

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