Market Patrol 29 December 2021

The market is a device for transferring money from the impatient to the patient.

Warren Buffet

Indicative Selling Rates
against MUR
USD

23 Dec 2024

AUD
30.07
0.6355

BWP
3.51
0.0742

CAD
33.24
1.4232

CNY
6.68
7.0797

DKK
6.72
7.0362

EUR
49.65
1.0494

HKD
6.18
7.6570

INR
0.57
83.7046

JPY
31.01
152.5601

KES
37.32
126.7783

NZD
27.02
0.5712

NOK
4.28
11.0662

SGD
35.48
1.3335

ZAR
2.68
17.6547

SEK
4.36
10.8593

CHF
53.28
1.1261

GBP
59.82
1.2645

USD
47.31
1.0000

AED
13.18
3.5893

The Shared currency seesawed on soft holiday-thinned trading.

Fundamental News

EUR/USD
The Shared currency seesawed at $1.1306 on soft holiday-thinned trading.

GBP/USD
The Cable lost ground to $1.3530 as UK reported the all-time high daily infections, above 122,000 a day after the authorities rejected any new activity restrictions during the rest of 2021.

USD/JPY
The Japanese yen dropped to 114.85 per U.S dollar as risk-off mood underpinned the US Treasury yields and favored.

AUD/USD
The Aussie dollar ticked down to $0.7228 as the People’s Bank of China reiterated that the yuan exchange rate will be more flexible in 2022 and will remain stable overall.

USD/CAD
The Loonie cascaded to 1.2820 against the greenback following a pullback in prices of Canada’s main export item WTI crude oil.

USD/ZAR
South African rand pressured down to 15.78 against the U.S dollar despite better than expected local trade surplus data.

USD/MUR
The dollar-rupee idled at 43.55(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

19:00 - USD - Pending Home Sales (MoM)(Nov)

19:30 - USD - Crude Oil Inventories

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

1.1374

1.3503

115.18

16.26

1.1354

1.3483

115.07

16.13

1.1331

1.3457

114.94

15.94

1.1311

1.3437

114.83

15.67

1.1288

1.3411

114.70

15.43

1.1268

1.3391

115.59

15.21

1.1245

1.3365

114.46

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

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

+230 403 5500

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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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