Market Patrol 20th June 2022 (1)

To get rich you have to be making money while you are asleep

David Bailey

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

USDMUR unbothered at 44.50(selling)

Fundamental News

EUR/USD
The Shared currency unbothered at $1.0530 despite French President Macron losing control of the National Assembly in legislative elections on Sunday.

GBP/USD
The Cable seesawed around $1.2240, investors focus now shifts to UK Inflation due this Wednesday.

USD/JPY
The Japanese yen nosedived to 134.95 against the greenback on Fed-BOJ policy divergence, Japan inflation in focus.

AUD/USD
The Aussie dollar ticked down to $0.6963 although the People's Bank of China kept its key monetary policy rates, namely the 5-year and 1-year Loan Prime Rate unchanged at 4.45% and 3.70% respectively during Monday's announcement.

USD/CAD
The Loonie extended losses to 1.3003 per U.S dollar on higher inflation expectations ahead of Canada CPI data that could inflate hawkish hopes from the BOC.

USD/ZAR
South Africa's rand weakened on Friday as fears of recession spread around the world following decisions by several central banks to raise interest rates to tame inflation.

USD/MUR
The dollar-rupee unfazed at 44.50 (Selling).

Fundamental & Technical Data

Economic Indicators-Local Time

17:00 - EUR - ECB President Lagarde Speaks

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

1.75%

04-May-2022

European Central Bank

0.00%

10-Mar-2016

Bank of England

1.00%

05-May-2022

16-Jun-2022

Bank of Japan

-0.10%

28-Jan-2016

17-Jun-2022

Reserve Bank of Australia

0.10%

03-Nov-2020

S.Africa Reserve Bank

4.75%

20-May-2022

21-Jul-2022

Reserve Bank of India

4.00%

22-May-2020

Bank of Mauritius

2.25%

03-Jun-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

1.0671

1.2529

139.50

16.38

1.0615

1.2448

137.46

16.29

1.0556

1.2335

136.24

16.21

10500

1.2254

134.20

15.54

1.0441

1.2141

132.98

15.33

1.0385

1.2060

130.94

14.42

1.0326

1.1947

129.72

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

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

Email

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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