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Treasury

Daily Market Patrol

Market Patrol 21 December 2021

Look at market fluctuations as your friend rather than your enemy.

Warren Buffet
Indicative Selling Rates
against MUR
USD
20 Dec 2024
  • AUD
  • 30.10
  • 0.6322
  • BWP
  • 3.54
  • 0.0745
  • CAD
  • 33.29
  • 1.4301
  • CNY
  • 6.72
  • 7.0815
  • DKK
  • 6.71
  • 7.0904
  • EUR
  • 49.58
  • 1.0414
  • HKD
  • 6.22
  • 7.6568
  • INR
  • 0.57
  • 83.7507
  • JPY
  • 31.08
  • 153.1735
  • KES
  • 37.41
  • 127.2757
  • NZD
  • 27.03
  • 0.5677
  • NOK
  • 4.24
  • 11.2216
  • SGD
  • 35.54
  • 1.3396
  • ZAR
  • 2.68
  • 17.7715
  • SEK
  • 4.37
  • 10.8960
  • CHF
  • 53.34
  • 1.1203
  • GBP
  • 59.72
  • 1.2543
  • USD
  • 47.61
  • 1.0000
  • AED
  • 13.26
  • 3.5895
The Cable sank following comments from British prime minister Boris Johnson
Fundamental News

EUR/USD
The Shared currency gained to $1.1280 following in the wake of improving market appetite for risk assets and currencies and a blow to Democratic spending plans in Washington.

 

GBP/USD
The Cable lost ground to $1.3217 after British Prime Minister Boris Johnson said on Monday that he would tighten restrictive measures to curb omicron's spread if needed.

 

USD/JPY
The Japanese yen ticked down to 113.69 per U.S. dollar on firmer U.S. Treasury yields and amid a lack of major data at home.

 

AUD/USD
The Aussie dollar leapt to $0.7115 following minutes from Reserve Bank of Australia's latest meeting earlier in the day. The central bank said that beginning asset tapering at its first meeting of 2022 and ending it in May is consistent with existing forecasts, an upbeat view of the economy.

 

USD/CAD
The Loonie extended its downtrend to 1.2924 against the U.S. dollar amid steep downside in crude oil amid a broadly risk-off market feel.

 

USD/ZAR
South African stocks weakened to 15.80 against the greenback amid a broader fall in emerging and developed equity markets, dragged down by renewed concerns over the fast-spreading Omicron variant.

 

USD/MUR
The dollar-rupee idled at 43.70(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - CAD - Core Retail Sales (MoM) (Oct)

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00%-0.25%
16-Mar-2020
-
European Central Bank
0.00%
10-Mar-2016
16-Dec-2021
Bank of England
0.25%
16-Dec-2021
-
Bank of Japan
-0.10%
28-Jan-2016
17-Dec-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
05-Jan-2022
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
-
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
1.1378
1.3317
114.20
16.26
R2
1.1341
1.3281
113.96
16.13
R1
1.1309
1.3245
113.80
15.94
PP
1.1272
1.3209
113.56
15.67
S1
1.1240
1.3173
113.40
15.43
S2
1.1203
1.3137
113.16
15.21
S3
1.1171
1.3101
113.00
14.85
Technical Analysis - Forex Charts
The dollar Index extends its intense rebound near one year high
Chart updated on 30.09.2021
GBPUSD riding wave C after completion of triangular retracement of wave B
Chart posted on 30.09.2021
Weekly Market Update by Reshma Peerun Rajwani
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.