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Treasury

Daily Market Patrol

Market Patrol 28th April 2022

The real key to making money in stocks is not to get scared out of them

Peter Lynch
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 Japanese yen dived to a 20 year low after the Bank of Japan doubled-down on its super-low yield policy
Fundamental News

EUR/USD

The Shared currency cascaded to $1.0502 after Russia halted gas supplies to Bulgaria and Poland on Wednesday for rejecting its demand for payment in roubles, taking direct aim at European economies in a move that also exposed confusion in the European Union on how to respond to Moscow's invasion of Ukraine.

 

GBP/USD

The Sterling fell to a fresh 21-month low of $1.2505 as Britain's weak economic outlook and higher than expected government borrowing dented the Bank of England's monetary tightening narrative.

 

USD/JPY

The Japanese yen dived to a 20-year low at 129.89 against the U.S dollar after the Bank of Japan doubled down on its super-low yield policy by offering to buy endless amounts of bonds every session as needed.

 

AUD/USD

The Aussie dollar retreated to $0.7079 on a stronger U.S dollar despite speculations that the Reserve Bank of Australia could hike interest rates from record lows as soon as next week.

 

USD/CAD

The Loonie extended its fall to 1.2854 against the greenback after BoC governor Macklem said it would be extremely unusual to increase interest rates by more than 50 bps in one move.

 

USD/ZAR

The South African rand slammed to 15.96 per U.S dollar on back of severe power cuts by struggling state utility Eskom, deadly floods in an economically significant province, and comments by the U.S. Federal Reserve which suggested an aggressive rate hike outlook.

 

USD/MUR

The dollar-rupee popped by 10 cents to 43.45 (selling).

 

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - GBP - BoE Gov Bailey Speaks

16:30 - USD - GDP (QoQ)(Q1)

16:30 - USD - Initial Jobless Claims 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.50%
17-Mar-2022
04-May-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
1.0808
1.2909
129.16
16.38
R2
1.0774
1.2840
128.69
16.08
R1
1.0705
1.2708
1127.96
15.80
PP
1.0671
1.2639
127.49
15.21
S1
1.0602
1.2507
126.76
14.84
S2
1.0568
1.2438
126.29
14.34
S3
1.0499
1.2306
125.56
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.