Market Patrol 30 December 2021

The trend is your friend until the end when it bends

Ed Seykota

Indicative Selling Rates
against MUR
USD

23 Apr 2024

AUD
30.68
0.6522

BWP
3.45
0.0733

CAD
34.62
1.3589

CNY
6.58
7.1457

DKK
6.82
6.8986

EUR
50.38
1.0709

HKD
6.09
7.7204

INR
0.57
82.0223

JPY
30.75
152.9787

KES
35.74
131.6321

NZD
28.10
0.5974

NOK
4.37
10.7565

SGD
34.91
1.3474

ZAR
2.53
18.5665

SEK
4.39
10.7267

CHF
51.90
1.1034

GBP
58.40
1.2415

USD
47.04
1.0000

AED
13.01
3.6157

The dollar-rupee unbothered at 43.55(selling).

Fundamental News

EUR/USD
The Shared currency strengthened to $1.1326 after the U.S dollar dipped in quiet holiday trading.

GBP/USD
The Cable rose to $1.3480 after UK PM Johnson pushed towards further activity easing despite record covid infections.

USD/JPY
The Japanese yen pressured down to 115.07 against the U.S dollar as US Treasury yields rallied on disappointing seven-year auction and hopes of Fed rate hike.

AUD/USD
The Aussie dollar gained to $0.7249 on U.S dollar weakness, all eyes on Aussie National Cabinet due to record cases in Australia.

USD/CAD
The Loonie sailed higher to 1.2799 versus the greenback as oil prices stayed firmer around five-week top over geopolitical tensions.

USD/ZAR
South African rand extended losses to 15.96 per U.S dollar as the currency struggled to make gains in holiday-thinned trade in the last week of 2021 despite increased appetite for riskier assets globally.

USD/MUR
The dollar-rupee unbothered at 43.55(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

17:30 - USD - Initial Jobless Claims

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

1.1482

1.3611

115.49

16.38

1.1425

1.3517

115.27

16.26

1.1387

1.3521

115.12

16.04

1.1330

1.3465

114.90

15.97

1.1292

1.3431

114.75

15.72

1.1235

1.3375

114.53

15.60

1.1197

1.3341

114.38

15.45

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

Email
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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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