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Treasury

Daily Market Patrol

Market Patrol 12th May 2022

A wise person should have money in their head, but not in their heart

Jonathan Swift
Indicative Selling Rates
against MUR
USD
20 May 2024
  • AUD
  • 31.29
  • 0.6765
  • BWP
  • 3.48
  • 0.0752
  • CAD
  • 34.28
  • 1.3494
  • CNY
  • 6.49
  • 7.1298
  • DKK
  • 6.85
  • 6.7581
  • EUR
  • 50.57
  • 1.0931
  • HKD
  • 6.02
  • 7.6834
  • INR
  • 0.56
  • 81.9464
  • JPY
  • 30.06
  • 153.9165
  • KES
  • 35.81
  • 129.1711
  • NZD
  • 28.61
  • 0.6185
  • NOK
  • 4.43
  • 10.4478
  • SGD
  • 34.75
  • 1.3311
  • ZAR
  • 2.63
  • 17.5910
  • SEK
  • 4.38
  • 10.5588
  • CHF
  • 51.21
  • 1.1069
  • GBP
  • 59.06
  • 1.2766
  • USD
  • 46.26
  • 1.0000
  • AED
  • 12.80
  • 3.6152
The greenback surged across the board on back of U.S. Inflation data
Fundamental News

EUR/USD
The Shared currency faded to $1.0515 as U.S. inflation eased less than expected, keeping the U.S. Federal Reserve on course to tighten monetary policy aggressively which overshadowed Christine Lagarde's signals that the ECB will hike interest rates in July in a speech in Slovenia.

 

GBP/USD
The Cable slammed to $1.2206 on the back of U.S dollar strength, investors will pay close attention to the UK GDP later in the day amid chatters of slower economic growth challenging the BOE’s hawkish plan.

 

USD/JPY
The Japanese Yen rose to 129.66 against the U.S dollar as financial leaders from Japan, China, and South Korea warned of risks to Asia's economic recovery from the COVID-19 pandemic and committed themselves to backing market stability and sound fiscal policy.

 

USD/CAD
The Loonie extended losses to 1.3024 against the greenback as prices of oil faded upside momentum while markets struggle for fresh clues during Thursday’s Asian session.

 

AUD/USD
The Australian dollar gained to $0.6900 on back of upbeat Aussie Consumer Inflation Expectations data earlier today.

 

USD/ZAR
South African rand tracked U.S dollar strength to 16.21, attention shifts to South Africa's Reserve Bank rate-setting meeting next week where it is expected to tighten policy to try to tame inflation.

 

USD/MUR
The dollar-rupee shot up by 15cents to 43.55 (selling).

 

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - GDP (QoQ)(Q1)

10:00 - GBP - GDP (YoY)(Q1)

10:00 - GBP - Manufacturing Production (MoM)(Mar)

16:30 -USD - Initial Jobless Claims 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
1.0%
04-May-2022
-
European Central Bank
0.00%
10-Mar-2016
-
Bank of England
1.00%
05-May-2022
-
Bank of Japan
-0.10%
28-Jan-2016
-
Reserve Bank of Australia
0.10%
03-Nov-2020
-
S.Africa Reserve Bank
4.25%
24-Mar-2022
19-May-2022
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
1.0635
1.2514
132.07
16.38
R2
1.0606
1.2457
131.44
16.29
R1
1.0560
1.2352
130.71
16.21
PP
1.0531
1.2295
130.08
15.39
S1
1.0485
1.2190
129.35
15.33
S2
1.0456
1.2133
128.72
14.42
S3
1.0410
1.2028
127.99
14.35
Technical Analysis - Forex Charts
Technical Outlook of the week - NZDCHF Scenario 1:
Chart updated on 04.03.2022
Technical Outlook of the week - NZDCHF Scenario 2:
Chart posted on 04.03.2022
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.