Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 7 January 2022

He who knows when he can fight and when he cannot, will be victorious.

Sun Tzu
Indicative Selling Rates
against MUR
USD
24 Dec 2024
  • AUD
  • 30.10
  • 0.6335
  • BWP
  • 3.49
  • 0.0736
  • CAD
  • 33.31
  • 1.4261
  • CNY
  • 6.71
  • 7.0813
  • DKK
  • 6.72
  • 7.0708
  • EUR
  • 49.63
  • 1.0447
  • HKD
  • 6.21
  • 7.6559
  • INR
  • 0.57
  • 83.8245
  • JPY
  • 31.07
  • 152.9184
  • KES
  • 37.33
  • 127.2721
  • NZD
  • 27.07
  • 0.5698
  • NOK
  • 4.27
  • 11.1323
  • SGD
  • 35.52
  • 1.3377
  • ZAR
  • 2.65
  • 17.9149
  • SEK
  • 4.36
  • 10.9000
  • CHF
  • 53.17
  • 1.1192
  • GBP
  • 59.87
  • 1.2601
  • USD
  • 47.51
  • 1.0000
  • AED
  • 13.24
  • 3.5892
EUR/USD on tenterhooks, all eyes on U.S NFP later today
Fundamental News

EUR/USD
The Shared currency wobbled near $1.1300 as investors waited to see whether U.S. jobs data due later in the day would reinforce the need for faster U.S. interest rate hikes.

 

GBP/USD
The Cable trimmed losses to $1.3544 on news that the U.K.'s Head of Competition and Markets Authority (CMA), Andrea Coscelli, will step down, raising hopes of softer Brexit negotiations ahead.

 

USD/JPY
The Japanese yen extended its fall to 115.88 per U.S. dollar after Japanese data released earlier in the day showed a contraction in household spending.

 

AUD/USD
The Aussie dollar licked its wounds near a two-week low at $0.7161, still at the mercy of a hawkish U.S. central bank that eyed reducing its balance sheet.

 

USD/CAD
The Canadian dollar strengthened against its U.S. counterpart to 1.2709 as data showed Canadian exports climbing to a record high.

 

USD/ZAR
South African rand sailed higher to 15.74 against the greenback, supported by bets that the local central bank will hike interest rates early this year.

 

USD/MUR
The dollar-rupee idled at 43.55(selling) for the 10th consecutive day.

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - GBP - Construction PMI
14:00 - EUR - CPI (YoY)(Dec)

17:30 - USD - Nonfarm payrolls (Dec)

17:30 - USD - Unemployment rate (Dec)

17:30 - CAD - Employment Change (Dec)

19:00 - CAD - Ivey PMI (Dec)

 

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
05-Jan-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
R3
1.1373
1.3636
116.72
16.38
R2
1.1352
1.3597
116.45
16.26
R1
1.1326
1.3567
116.16
16.04
PP
1.1305
1.3528
115.89
15.97
S1
1.1279
1.3498
115.60
15.72
S2
1.1258
1.3459
115.33
15.60
S3
1.1232
1.3429
115.04
15.45
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.