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 May 2024

AUD
31.29
0.6765

BWP
3.48
0.0752

CAD
34.28
1.3494

CNY
6.49
7.1298

DKK
6.85
6.7581

EUR
50.57
1.0931

HKD
6.02
7.6834

INR
0.56
81.9464

JPY
30.06
153.9165

KES
35.81
129.1711

NZD
28.61
0.6185

NOK
4.43
10.4478

SGD
34.75
1.3311

ZAR
2.63
17.5910

SEK
4.38
10.5588

CHF
51.21
1.1069

GBP
59.06
1.2766

USD
46.26
1.0000

AED
12.80
3.6152

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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