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Treasury

Daily Market Patrol

Market Patrol 10 December 2021

Look at market fluctuations as your friend rather than your enemy

Warren Buffet
Indicative Selling Rates
against MUR
USD
24 Apr 2024
  • AUD
  • 30.84
  • 0.6580
  • BWP
  • 3.43
  • 0.0732
  • CAD
  • 34.58
  • 1.3552
  • CNY
  • 6.56
  • 7.1461
  • DKK
  • 6.83
  • 6.8651
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.07
  • 7.7178
  • INR
  • 0.57
  • 81.9769
  • JPY
  • 30.62
  • 153.0506
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.11
  • 0.5997
  • NOK
  • 4.40
  • 10.6625
  • SGD
  • 34.83
  • 1.3457
  • ZAR
  • 2.54
  • 18.4847
  • SEK
  • 4.40
  • 10.6565
  • CHF
  • 51.73
  • 1.1037
  • GBP
  • 58.66
  • 1.2515
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6156
The U.S dollar shot up versus the Rupee in the wake of Bank of Mauritius Intervention.
Fundamental News

EUR/USD
The Single currency was pressured down to $1.1300 ahead of U.S. inflation data to provide clues as to when the Federal Reserve will hike interest rates.

 

GBP/USD
The Cable bounced from a low $1.3169 to $1.3218 after U.K. policymakers announced the re-introduction of the virus-led activity measures and promoting the work-from-home culture.

 

USD/JPY
The Japanese yen gained traction to 113.47 against the U.S. dollar despite the U.S. Initial Jobless Claims dropped the most since 1969, beating economists' estimations.

 

AUD/USD
The Aussie dollar lost ground to $0.7143 after the People's Bank of China raised F.X. reserve requirements for the second time since June 2021.

 

USD/CAD
The Canadian dollar cascaded to 1.2713 against the greenback on the back of a downturn in crude oil prices.

 

USD/ZAR
The South African rand dived to 16.00 per U.S. dollar as local manufacturing output slumped far more sharply than expected in October.

 

USD/MUR
The dollar-rupee shot up by 5 cents to 43.50(selling) in the wake of the Bank of Mauritius' intervention yesterday.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Manufacturing Production (MoM) (Oct)

11:00 - GBP - GDP (QoQ)(Q3)

11:00 - GBP - GDP (MoM)

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00%-0.25%
16-Mar-2020
15-Dec-2021
European Central Bank
0.00%
10-Mar-2016
12-Dec-2021
Bank of England
0.10%
19-May-2020
16-Dec-2021
Bank of Japan
-0.10%
28-Jan-2016
17-Dec-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
07-Dec-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
08-Dec-2021
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
1.141
1.3290
114.28
16.13
R2
1.1374
1.3257
114.05
15.90
R1
1.1333
1.3238
113.75
15.78
PP
1.1306
1.3205
113.52
15.67
S1
1.1265
1.3186
113.22
15.43
S2
1.1238
1.3153
112.99
15.21
S3
1.1197
1.3134
112.69
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
Markey update on Biz Week by Christie Ng
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.