Market Patrol 10th June 2022

Every financial decision should be driven by what you value

David Bach

Indicative Selling Rates
against MUR
USD

26 Apr 2024

AUD
30.81
0.6583

BWP
3.44
0.0736

CAD
34.56
1.3545

CNY
6.55
7.1468

DKK
6.83
6.8533

EUR
50.43
1.0774

HKD
6.07
7.7145

INR
0.57
82.0087

JPY
30.36
154.1916

KES
35.30
132.5951

NZD
28.14
0.6011

NOK
4.36
10.7396

SGD
34.76
1.3465

ZAR
2.54
18.4356

SEK
4.36
10.7346

CHF
51.60
1.1024

GBP
58.79
1.2560

USD
46.81
1.0000

AED
12.95
3.6161

The Shared currency slid post ECB, U.S inflation data eyed

Fundamental News

EUR/USD
The Shared currency slid to $1.0627 as euro zone borrowing costs hit an eight-year high after the European Central Bank signaled it would hike interest rates next month for the first time since 2011.

GBP/USD
The Cable dropped to $1.2493 as traders remained skeptical over Britain’s economic conditions amid Brexit, covid and the Russia-Ukraine tussles.

USD/JPY
The Japanese yen gained traction to 133.91 per U.S dollar, unbothered by Japan’s below that expected PPI and ahead of U.S. inflation data.

AUD/USD
The Aussie dollar rose to $0.7122 unfazed by unimpressive China inflation data.

USD/CAD
The Loonie lost ground to 1.2696 against the U.S dollar, investors eyes for Canadian employment data due later today.

USD/ZAR
South Africa's rand edged lower to 15.44 versus the greenback on Thursday, after poor mining and industrial production data dampened investor confidence.

USD/MUR
The dollar-rupee climbed by 15 cents to 44.20(Selling).

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - USD - Core CPI (MoM) (May)

16:30 - CAD - Employment Change (May)

17:45 - EUR - ECB President Lagarde Speaks

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

1.0%

04-May-2022

European Central Bank

0.00%

10-Mar-2016

Bank of England

1.00%

05-May-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

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

1.0828

1.2670

136.89

16.38

1.0788

1.2634

135.68

16.29

1.0752

1.2585

134.97

16.21

1.0712

1.2549

133.76

15.54

1.0676

1.2500

133.05

15.33

1.0636

1.2464

131.84

14.42

1.0600

1.2415

131.13

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

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Head – Treasury Sales

+230 403 5500

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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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