Market Patrol 14th June 2022

I don't think about financial success as the measurement of my success.

Christie Hefner

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 soared across the board on fears of a global economic slowdown

Fundamental News

EUR/USD
The Shared currency tumbled to $1.0426 as investors look to more aggressive interest rate hikes from U.S. Federal Reserve..

GBP/USD
The Cable cascaded to $1.2178 as the Fed is seen outpacing the Bank of England, which is expected to deliver a 25 bp hike on Thursday.

USD/JPY
The Japanese yen slammed to 134.68 against the U.S dollar after the Bank of Japan expanded a round of bond purchases to knock the 10-year government bond yield back to its 0.25% cap.

AUD/USD
The Aussie dollar extended its fall to $0.6959 following Australia's NAB Business Confidence eased for May, data showed earlier today.

USD/CAD
The Loonie faded to 1.2873 per U.S dollar after the price of oil, one of Canada's major exports, dropped as a flare-up in COVID-19 cases in Beijing dented hopes of a Chinese demand rebound.

USD/ZAR
South Africa's rand fell to 16.09 as the safe-haven dollar rose, supported by fears of a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve.

USD/MUR
The dollar-rupee darted higher to 44.45(Selling).

Fundamental & Technical Data

Economic Indicators-Local Time

13:00 - EUR - German ZEW Economic Sentiment (Jun)

16:30 - USD - PPI(MoM)(May)

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

1.0606

1.2487

136.81

16.38

1.0563

1.2406

136.01

16.29

1.0486

1.2269

135.21

16.21

1.0443

1.2188

134.41

15.54

1.0366

1.2051

133.61

15.33

1.0323

1.1970

132.81

14.42

1.0246

1.1833

132.01

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

Email
Reshma Peerun Rajwani

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.

Treasury

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