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Treasury

Daily Market Patrol

Market Patrol 23 December 2021

“A successful trader must learn to be a good loser before he can start winning.”

Arian Adeli Koodehi
Indicative Selling Rates
against MUR
USD
19 Apr 2024
  • AUD
  • 30.42
  • 0.6459
  • BWP
  • 3.47
  • 0.0737
  • CAD
  • 34.46
  • 1.3664
  • CNY
  • 6.60
  • 7.1402
  • DKK
  • 6.82
  • 6.9093
  • EUR
  • 50.34
  • 1.0691
  • HKD
  • 6.10
  • 7.7148
  • INR
  • 0.57
  • 82.1874
  • JPY
  • 30.85
  • 152.6385
  • KES
  • 35.97
  • 130.9049
  • NZD
  • 27.96
  • 0.5937
  • NOK
  • 4.35
  • 10.8251
  • SGD
  • 34.91
  • 1.3490
  • ZAR
  • 2.53
  • 18.6446
  • SEK
  • 4.35
  • 10.8361
  • CHF
  • 52.18
  • 1.1081
  • GBP
  • 58.79
  • 1.2484
  • USD
  • 47.09
  • 1.0000
  • AED
  • 13.02
  • 3.6162
EURUSD clings to new weekly high as market awaits Jobless claims
Fundamental News

EUR/USD

The Single currency clings to a new weekly high at $1.1340 as yield dwindle ahead of US PCE inflation. German 10- year Treasury yields also refreshed monthly high amid optimism over the omicron vaccines.

 

GBP/USD
The Cable consolidates around $1.3350 amid concerns over Brexit and Omicron. UK-EU approaches fisheries agreement on 2022 stocks while the number of covid cases continues to go up in Britain.

 

USD/JPY
The Japanese yen creeps higher to 114.15 versus the greenback despite better than expected US GDP data, amid optimism statement from the Bank of Japan that the recovery will accelerate next year while keeping an eye on inflation figures.

 

AUD/USD
The Aussie dollar grinds higher towards 0.7200 on hawkish expectations concerning Australia's main export item, iron ore and after risk assets rallied on waning Omicron concerns.

 

USD/CAD

The Canadian dollar extended gains to 1.2840 versus the U.S. dollar underpinned by upbeat domestic data with factory sales rising 3.1% in November.

 

USD/ZAR
South African Rand trims back some losses to 15.71 against the U.S dollar on the back of improved risk appetite and expectations the impact of the Omicron variant on the global economy will be limited.

 

USD/MUR
The dollar rupee stays put at 43.70(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - EUR - Gross Domestic Product  - QoQ - Q3

17:30 - USD - Jobless claims

17:30 - CAD - Gross domestic product ( MoM)

 

 

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
1.1520
1.3520
114.97
16.26
R2
1.1440
1.3470
114.46
16.13
R1
1.1378
1.3410
114.21
15.94
PP
1.1341
1.3374
114.00
15.67
S1
1.1309
1.3290
113.80
15.43
S2
1.1272
1.3230
113.50
15.21
S3
1.1240
1.3170
113.00
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.