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Treasury

Daily Market Patrol

Market Patrol 20 December 2021

“I believe in analysis and not forecasting.”

Nicolas Darvas
Indicative Selling Rates
against MUR
USD
03 Oct 2024
  • AUD
  • 32.63
  • 0.6964
  • BWP
  • 3.64
  • 0.0778
  • CAD
  • 34.93
  • 1.3413
  • CNY
  • 6.88
  • 6.8135
  • DKK
  • 7.03
  • 6.6630
  • EUR
  • 51.95
  • 1.1089
  • HKD
  • 6.12
  • 7.6528
  • INR
  • 0.57
  • 82.6031
  • JPY
  • 32.52
  • 144.0718
  • KES
  • 36.96
  • 126.7616
  • NZD
  • 29.51
  • 0.6298
  • NOK
  • 4.51
  • 10.3812
  • SGD
  • 36.74
  • 1.2750
  • ZAR
  • 2.78
  • 16.8304
  • SEK
  • 4.61
  • 10.1546
  • CHF
  • 55.44
  • 1.1834
  • GBP
  • 62.38
  • 1.3314
  • USD
  • 46.85
  • 1.0000
  • AED
  • 13.06
  • 3.5884
Market sentiment sours amid virus woes
Fundamental News

EUR/USD

EUR/USD remains tilted towards the downside for the start of the week as the US dollar firmed around central bank themes and risk-off tones. However, the possibility of more COVID-19 restrictions being imposed over several European Countries before end of year holidays also weighed on the currency.

 

GBP/USD
Despite hiking rate to 0.25% in the UK, GBP/USD is still reeling from Friday's sharp drop amid concerns in increasing number of covid cases. UK's Brexit Minister Lord Frost resigned after not having made enough progress on Brexit matters.

 

USD/JPY
Price action was mostly fueled by volatile movement in Treasury yields as a result of a hawkish decision by the Federal Reserve last week. The Bank of Japan also released its monetary policy decisions, which offered no surprises.

 

AUD/USD
The Aussie dollar slipped to $0.7098 on Monday after the Public Bank of China (PBOC) unexpectedly cut rates by five basis points on its one year LPR.

 

USD/CAD
The Loonie retreated towards its old time lows at 1.2915 against the dollar as oil prices dropped by 1.5%.

 

USD/ZAR
South African rand treaded water at 15.94 against the greenback as the new variant brings higher economic uncertainties and the Fed tightening is potentially ZAR-adverse.

 

USD/MUR
The dollar-rupee jumped by 10 cents to 43.70(selling) this morning.

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
-
European Central Bank
0.00%
10-Mar-2016
16-Dec-2021
Bank of England
0.25%
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
R3
1.1348
1.3516
114.80
16.26
R2
1.1297
1.3374
114.52
16.13
R1
1.1279
1.3303
114.11
15.94
PP
1.1250
1.3244
113.83
15.67
S1
1.1233
1.3204
113.42
15.43
S2
1.1220
1.3191
113.14
15.21
S3
1.1184
1.3170
112.73
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
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.