Market Patrol 27 December 2021

Accepting losses is the most important single investment device to ensure the safety of capital

Gerald M. Loeb

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

The dollar-rupee slipped by 15 cents following intervention from the BoM

Fundamental News

EUR/USD
The Shared currency held steady at $1.1315 amid holiday-thinned markets and growing Omicron concerns.

GBP/USD
The Cable stayed put at $ 1.3409 as UK Covid infections refresh record top and PM Johnson may unveil new activity restrictions for London.

USD/JPY
The Japanese yen stayed sluggish above at 114.15 against the U.S dollar unfazed by better than expected Japan Retail Sales.

AUD/USD
The Aussie dollar ticked down to $0.7234 on a closed market due to Christmas holiday.

USD/CAD
The Loonie retreated modestly to 1.2815 against the greenback on falling crude oil prices.

USD/ZAR
South African rand extended gains to 15.54 per U.S dollar after fresh data showing that the first country to identify the Omicron variant of Covid-19 may soon put its latest infection wave behind it.

USD/MUR
The dollar-rupee slipped by 15 cents to 43.55(selling) following intervention from the Bank of Mauritius.

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

1.1520

1.3520

114.97

16.26

1.1440

1.3470

114.46

16.13

1.1378

1.3410

114.21

15.94

1.1341

1.3374

114.00

15.67

1.1309

1.3290

113.80

15.43

1.1272

1.3230

113.50

15.21

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

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

+230 403 5500

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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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