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Treasury

Daily Market Patrol

Market Patrol 13th June 2022

Every financial decision should be driven by what you value

David Bach
Indicative Selling Rates
against MUR
USD
24 Apr 2024
  • AUD
  • 30.84
  • 0.6580
  • BWP
  • 3.43
  • 0.0732
  • CAD
  • 34.58
  • 1.3552
  • CNY
  • 6.56
  • 7.1461
  • DKK
  • 6.83
  • 6.8651
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.07
  • 7.7178
  • INR
  • 0.57
  • 81.9769
  • JPY
  • 30.62
  • 153.0506
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.11
  • 0.5997
  • NOK
  • 4.40
  • 10.6625
  • SGD
  • 34.83
  • 1.3457
  • ZAR
  • 2.54
  • 18.4847
  • SEK
  • 4.40
  • 10.6565
  • CHF
  • 51.73
  • 1.1037
  • GBP
  • 58.66
  • 1.2515
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6156
The Shared currency nosedived following red hot U.S. inflation data
Fundamental News

EUR/USD
The Shared currency nosedived to $1.0493 after data showed U.S. consumer prices accelerated in May, strengthening expectations the Federal Reserve may have to continue with interest rate hikes through September to combat inflation.

 

GBP/USD
The Cable lost ground to $1.2293 as Britain's gloomy economic outlook left investors on edge, coupled with anxiety ahead of the key GDP data scheduled for publication later today.

 

USD/JPY
The yen fell to a fresh 20-year low against the U.S. dollar to 134.93, as red hot U.S. inflation data drove up Treasury yields, diminishing the earlier boost from speculation that Japanese authorities could intervene to support the currency.

 

AUD/USD
The Aussie dollar hammered to $0.7028 on a closed market in Australia.

 

USD/CAD
The Loonie slammed to 1.2807 per U.S. dollar as a solid Canadian jobs report couldn't supersede hot inflation data from the U.S. as hawkish Fed bets increased.

 

USD/ZAR
The South African rand slumped to 15.98 on the back of a strong U.S. dollar.

 

USD/MUR
The dollar-rupee popped by 15 cents to 44.35(Selling), tracking the greenback's strength.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - Manufacturing Production (MoM)(Apr)

10:00 - GBP - GDP (QoQ)

10:00 - GBP - GDP (YoY)

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
1.0%
04-May-2022
15-Jun-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
17-Jun-2022
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
1.0741
1.2676
135.93
16.38
R2
1.0691
1.2597
135.20
16.29
R1
1.0605
1.2459
134.82
16.21
PP
1.0555
1.2380
134.09
15.54
S1
1.0469
1.2242
133.71
15.33
S2
1.0419
1.2163
132.98
14.42
S3
1.0333
1.2025
132.60
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.