Market Patrol 26 January 2022

“Frankly, I don’t see markets; I see risks, rewards, and money.”

Larry Hite

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 Eurodollar on tenterhooks ahead of US Interest rate decision tonight.

Fundamental News

EUR/USD
The Shared currency bounces off from a monthly low of $1.1262 to $1.1305 as markets brace for Fed's verdict tonight amid hawkish expectations.

GBP/USD
The Cable recovers back above $1.3500 as FX markets continue to ignore an uncertain UK political backdrop and Covid cases, which are tumbling across the country.

USD/JPY
The Japanese Yen stays indecisive below 114.00 as uncertainty over Japan's economic outlook heightened due to an increase in omicron cases.

AUD/USD
The Aussie dollar extends gains to $0.7160, shrugging off Russia-Ukraine geopolitical tensions and downbeat IMF's growth forecasts.

USD/CAD

The loonie wobbles near 1.2600 versus the greenback amid Bank of Canada is widely expected to maintain the status quo on interest rate versus hawkish expectations from FED later during the day.

USD/ZAR
The rand traded range-bound as worries about a potential military conflict remain on the table. South Africa's central bank is expected to raise rates by 25 basis points to 4.00% at its meeting tomorrow.

USD/MUR
The dollar-rupee creeps up at 43.75 (Selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

19:00 - CAD - Bank of Canada Interest rate decision

23:00 - USD - FED interest rate decision

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00%-0.25%

16-Mar-2020

26-Jan-2022

European Central Bank

0.00%

10-Mar-2016

03-Feb-2022

Bank of England

0.25%

16-Dec-2021

03-Feb-2022

Bank of Japan

-0.10%

28-Jan-2016

18-Jan-2022

Reserve Bank of Australia

0.10%

03-Nov-2020

01-Feb-2022

S.Africa Reserve Bank

3.50%

23-Jul-2020

27-Jan-2022

Reserve Bank of India

4.00%

22-May-2020

12-Jan-2022

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

1.1418

1.3616

115.05

15.77

1.1393

1.3569

114.80

15.66

1.1352

1.3541

114.47

15.48

1.1327

1.3494

114.22

15.37

1.1286

1.3460

113.89

15.16

1.1261

1.3437

113.64

15.04

1.1220

1.3400

113.31

14.86

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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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