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Treasury

Daily Market Patrol

Market Patrol 13th May 2022

Financial freedom is mental. emotional and educational process.

Robert Kiyosaki
Indicative Selling Rates
against MUR
USD
17 May 2022
  • AUD
  • 30.68
  • 0.7060
  • BWP
  • 3.59
  • 0.0826
  • CAD
  • 34.13
  • 1.2730
  • CNY
  • 6.50
  • 6.6860
  • DKK
  • 6.20
  • 7.0128
  • EUR
  • 45.55
  • 1.0484
  • HKD
  • 5.63
  • 7.7240
  • INR
  • 0.57
  • 76.4983
  • JPY
  • 33.95
  • 127.9770
  • KES
  • 37.92
  • 114.5693
  • NZD
  • 27.75
  • 0.6386
  • NOK
  • 4.55
  • 9.5595
  • SGD
  • 31.59
  • 1.3756
  • ZAR
  • 2.76
  • 15.7149
  • SEK
  • 4.39
  • 9.9082
  • CHF
  • 43.70
  • 1.0057
  • GBP
  • 53.85
  • 1.2394
  • USD
  • 43.45
  • 1.0000
  • AED
  • 11.96
  • 3.6327
The dollar-rupee dropped by 10cents following intervention from the central bank
Fundamental News

EUR/USD
The Shared currency drowned to $1.0398 following comments from Federal Reserve chair Jerome Powell in an interview with the Marketplace national radio program where he unexpectedly added the option of two more jumbo rate hikes consecutively in the next policy meetings.

 

GBP/USD
The Cable dived to $1.2220 following Bank of England's Deputy Governor Dave Ramsden conveyed fears of prolonged higher inflation, which in turn raised worries for economic growth. The concerns become grim especially when the UK reports downbeat data.

 

USD/JPY
The Japanese yen pierced to 128.90 against the U.S dollar as the Bank of Japan (BOJ)’s Governor has promised a more conservative monetary policy going forward, in his statement on Friday.

 

AUD/USD
The Aussie dollar held ground at $0.6900 following an improvement in the key risk barometers and optimism ahead of a speech from RBA Assistant Governor Michele Bullock could be cited as favoring the latest run-up in the quote.

 

USD/CAD
The Loonie regained strength to 1.2998 against the greenback on the back of a rebound in oil prices.

 

USD/ZAR
The South African rand stabilised at 16.02 per U.S dollar despite a strong dollar, weak economic data, and a pickup in local COVID-19 infections.

 

USD/MUR
The dollar-rupee dropped by 10cents to 43.45(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Import Price Index 

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
1.0663
1.2338
132.29
16.38
R2
1.0596
1.2297
131.18
16.29
R1
1.0488
1.2248
129.75
16.21
PP
1.0421
1.2207
128.64
15.39
S1
1.0313
1.2158
127.21
15.33
S2
1.0246
1.2117
126.10
14.42
S3
1.0138
1.2068
124.67
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
Weekly Market Update by Reshma Rajwani Peerun on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.