Market Patrol 13 December 2021

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Warren Buffet

Indicative Selling Rates
against MUR
USD

26 Apr 2024

AUD
30.81
0.6583

BWP
3.44
0.0736

CAD
34.56
1.3545

CNY
6.55
7.1468

DKK
6.83
6.8533

EUR
50.43
1.0774

HKD
6.07
7.7145

INR
0.57
82.0087

JPY
30.36
154.1916

KES
35.30
132.5951

NZD
28.14
0.6011

NOK
4.36
10.7396

SGD
34.76
1.3465

ZAR
2.54
18.4356

SEK
4.36
10.7346

CHF
51.60
1.1024

GBP
58.79
1.2560

USD
46.81
1.0000

AED
12.95
3.6161

The U.S dollar weakened across the board ahead of a slew of key central banks policy decisions this week.

Fundamental News

EUR/USD
The Shared currency ticked down to $1.1297 after U.S. inflation data came in line with expectations, taking off worries from investors' minds that the Federal Reserve could go for an aggressive taper plan.

GBP/USD
The Cable surged to $1.3250, although data showed the U.K. economy grew less than forecast in October, focus shifts to Thursday's BoE.

USD/JPY
The Japanese yen hardly budged at 113.50 against the U.S dollar ahead of the Bank Of Japan's meeting due this Friday.

AUD/USD
The Aussie cheered up to $0.7171 on the back of a rise in the price of Australia's biggest export, iron ore.

USD/CAD
The Loonie trimmed the previous day's losses to 1.2718 against the greenback following Canada's key export item, WTI Crude Oil, registered the best week since late August.

USD/ZAR
The South African rand firmed on Friday at 15.96 per U.S dollar ahead of a slew of key central bank policy decisions for this week.

USD/MUR
The dollar-rupee is unfazed at 43.50(selling) on Monday.

Fundamental & Technical Data

Economic Indicators-Local Time

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

16-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

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

1.1398

1.3387

114.27

16.13

1.1361

1.3331

114.03

15.90

1.1339

1.3298

113.71

15.78

1.1302

1.3242

113.47

15.67

1.1280

1.3209

113.15

15.43

1.1243

1.3153

112.91

15.21

1.1221

1.3120

112.59

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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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.

Treasury

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