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Treasury

Daily Market Patrol

Market Patrol 24th June 2022

Every financial decision should be driven by what you value

 

 

David Bach
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 dollar-rupee darted higher to 45.00 (Selling).
Fundamental News

EUR/USD
The Shared currency retreated to $1.0545 on disappointing German and French purchasing managers’ index figures, which spurred expectations that the European Central Bank might deliver less aggressive monetary policies.

 

GBP/USD
The Cable ticked up to $1.2284 despite UK PM Boris Johnson witnessed defeat in previously safe seats for the Conservatives during the by-elections, U.K's Retail Sales eyed.

 

USD/JPY
The Japanese yen rose to 134.74 against the U.S dollar following Japan's annual core consumer inflation topped the central bank's target for a second straight month in May, data showed earlier today.

 

AUD/USD
The Aussie dollar modestly gained to $0.6915 amid a light calendar and ahead of the scheduled speech from Reserve Bank of Australia Governor Philip Lowe.

 

USD/CAD
The Loonie slipped to 1.2975 against the greenback on softer oil prices and the market’s rush towards risk safety amid economic fears during the last two days.

 

USD/ZAR
The Rand gained to 15.91 per U.S dollar after South Africa repealed COVID-19 rules that made masks mandatory in indoor public spaces, limited the size of gatherings, and imposed entry requirements at its borders, the health minister said on Thursday.

 

USD/MUR
The dollar-rupee climbed by 10 cents to 45.00 (Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - Retail Sales (MoM)(May)

12:00 - EUR - German Ifo Business Climate index

18:00 - USD - New Home Sales (May)

 

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
-
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
R3
1.0672
1.2440
138.12
16.38
R2
1.0626
1.2367
13.7.21
16.29
R1
1.0574
1.2315
136.09
16.21
PP
1.0528
1.2242
135.18
15.54
S1
1.0476
1.2190
134.06
15.33
S2
1.0430
1.2117
133.15
14.42
S3
1.0378
1.2065
132.03
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.