Market Patrol 07 February 2022

“I always define my risk, and I don’t have to worry about it.”

Tony Saliba

Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

The Aussie dollar consolidated losses as China PMI data dropped on risk aversion.

Fundamental News

EUR/USD
The Shared currency traded under pressure at $1.1430, following fresh tops of 1.1480 on Friday due to upbeat U.S. economic data in the form of Non-Farm Payrolls surprises.

GBP/USD
The Cable extended post NFP losses towards 1.3500 as investors digested the hawkish Bank of England with some profit-taking on Friday. Brexit talks will be held this week together with U.S. Q4 GDP eyed on Friday.

USD/JPY

The Japanese yen stayed put around 115.35 amid Bank of Japan Governor Haruhiko Kuroda reiterated the Central Bank's resolve to keep monetary policy ultra-loose to support the economy's recovery from the Covid.

AUD/USD
AUD/USD consolidated recent losses at $0.7095 on softer yields as China Caixin Services PMI dropped below 52.9 forecasts. Market sentiment dwindled amid Russia- Linked fears.

USD/CAD
The Loonie remained on the upside, trading around 1.2730 due to the prevalent strong bullish sentiment surrounding crude oil prices.

USD/ZAR
The South African rand weakened on Friday, eating into the week's gains, as much better-than-expected U.S. jobs numbers bolstered the U.S. dollar.

USD/MUR
The dollar-rupee sidelined at 43.60 (Selling).

Fundamental & Technical Data

Economic Indicators-Local Time

13:30 - EUR - Sentix Investor Confidence

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00%-0.25%

16-Mar-2020

European Central Bank

0.00%

10-Mar-2016

Bank of England

0.50%

03-Feb-2022

Bank of Japan

-0.10%

28-Jan-2016

Reserve Bank of Australia

0.10%

03-Nov-2020

01-Feb-2022

S.Africa Reserve Bank

4.00%

28-Jan-2022

24-Mar-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

1.1688

1.3729

115.86

15.77

1.1569

1.3679

115.43

15.66

1.1505

1.3639

115.20

15.48

1.1386

1.3589

114.77

15.37

1.1322

1.3549

114.54

15.16

1.1203

1.3499

114.11

15.04

1.1139

1.3459

113.88

14.86

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

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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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