Market Patrol 31 December 2021

Do not be embarrassed by your failures, learn from them and start again

Richard Branson

Indicative Selling Rates
against MUR
USD

18 Apr 2024

AUD
30.55
0.6504

BWP
3.46
0.0738

CAD
34.43
1.3642

CNY
6.58
7.1369

DKK
6.82
6.8835

EUR
50.41
1.0732

HKD
6.09
7.7142

INR
0.57
82.2069

JPY
30.79
152.5363

KES
36.08
130.1709

NZD
28.05
0.5972

NOK
4.37
10.7550

SGD
34.90
1.3459

ZAR
2.55
18.3894

SEK
4.36
10.7728

CHF
51.95
1.1061

GBP
58.86
1.2531

USD
46.97
1.0000

AED
12.99
3.6158

The Shared currency pared initial gains amid upbeat U.S initial jobless claims

Fundamental News

EUR/USD
The Shared currency crawled to $1.1324 after U.S data released showed that initial jobless claims fell to 198,000 last week, with the job market seemingly undented by the spread of the omicron COVID-19 variant.

GBP/USD
The Cable grinded higher to $1.3503 amid lackluster markets and no major catalysts.

USD/JPY
The Yen extended losses to 115.09 against the U.S dollar on a closed Japanese markets for the day.

AUD/USD
The Aussie dollar sailed higher on back of an upbeat China Manufacturing PMI earlier today.

USD/CAD
The Loonie shot up to 1.2728 against the greenback as risk appetite and crude oil prices remained buoyant.

USD/ZAR
South Africa's rand traded flat at 15.91 per U.S dollar in thin trade on Thursday.

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

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

1.1418

1.3598

115.48

16.38

1.1389

1.3560

115.34

16.26

1.1357

1.3531

115.21

16.04

1.1328

1.3493

115.07

15.97

1.1296

1.3464

114.94

15.72

1.1267

1.3426

114.80

15.60

1.1235

1.3397

114.67

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
Reshma Peerun Rajwani

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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