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Treasury

Daily Market Patrol

Market Patrol 15th April 2022

Hope is not a financial plan

Ric Edelman
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 Shared currency fell from the sky as ECB disappoints the market.
Fundamental News

EUR/USD
The Shared currency plunged to $1.0813 as comments from European Central Bank President Christine Lagarde were viewed as a sign that the ECB was in no rush to raise interest rates, in contrast with an aggressive monetary policy tightening effort by the U.S. Federal Reserve.

 

GBP/USD
The Cable lost ground to $1.3055 amid the risk of more BoE/Fed policy divergence and a closed U.K market.

 

USD/JPY
The Japanese yen extended its losing streak to 126.46 against the U.S dollar while the Russo-Ukraine conflict worsens as the days advance, and a cease-fire seems unlikely.

 

AUD/USD
The Aussie dollar slipped to $0.7401 on a risk-off market mood and a buoyant US dollar maintained the Australian dollar on the defensive, alongside mixed US economic data.

 

USD/CAD
The Canadian dollar pared gains to 1.2602 against the greenback as Russian oil production fell to 2020 lows.

 

USD/ZAR
South Africa's rand weakened to 14.70 per U.S dollar as poor mining data added to worries of slower economic growth, coming right after two successive similar drops in manufacturing and retail sales numbers that dampened investor confidence.

 

USD/MUR
The dollar-rupee rose by 10 cents to 43.50(Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time
Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.50%
17-Mar-2022
-
European Central Bank
0.00%
10-Mar-2016
-
Bank of England
0.75%
17-Mar-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
1.1080
1.3253
127.14
16.38
R2
1.1002
1.3200
126.57
15.76
R1
1.0915
1.3140
126.23
15.59
PP
1.0837
1.3087
125.66
15.21
S1
1.0750
1.3027
125.32
14.84
S2
1.0672
1.2974
124.75
14.34
S3
1.0585
1.2914
124.41
14.02
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.