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Treasury

Daily Market Patrol

Market Patrol 11th May 2022

Hope is not a financial plan

Ric Edelman
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 Greenback held ground at two decade high ahead of U.S inflation data
Fundamental News

EUR/USD
The Shared currency lost ground to $1.0540 ahead of US Inflation and the speech from European Central Bank's President Christine Lagarde due today.

 

GBP/USD
The Cable pressured down to $1.2333 on concerns about post-Brexit tensions with the EU and the Northern Ireland Protocol, leaving cable vulnerable to pullbacks.

 

USD/JPY
The Japanese yen hardly budged at 130.27 against the U.S dollar ahead of a key reading on U.S inflation that should provide clues on how aggressive the Federal Reserve will be in tightening monetary policy.

 

AUD/USD
The Aussie dollar ticked down to $0.6968 despite upbeat Chinese inflation revealed earlier today.

 

USD/CAD
The Canadian dollar stayed put at 18-month low of 1.30 against the greenback as falling oil price is hurting the cash inflows for Canada and henceforth the demand for the loonie.

 

USD/ZAR
The South African rand modestly gained to 16.09 per U.S dollar despite state power utility Eskom said on Tuesday that it would implement rotational power cuts from 1700 to 2200 local time, due to persisting supply constraints.

 

USD/MUR
The dollar-rupee stayed put at 43.40 (selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - EUR - ECB President Lagarde Speaks

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

18:30 - USD - Crude Oil Inventories 

 

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
4.25%
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
1.0629
1.2446
131.53
16.38
R2
1.0607
1.2410
131.05
16.29
R1
1.0569
1.2363
130.75
16.21
PP
1.0547
1.2327
130.27
15.39
S1
1.0509
1.2280
129.97
15.33
S2
1.0487
1.2244
129.49
14.42
S3
1.0449
1.2197
129.19
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.