Market Patrol 15 February 2022

It’s ok to be wrong; it’s unforgivable to stay wrong

Martin Zweig

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

Geopolitical tensions over Ukraine and Russia weighed on the euro

Fundamental News

EUR/USD
The Shared currency retreated to $1.1315 on growing worries about Russia-Ukraine tensions and as St. Louis Federal Reserve President James Bullard reiterated calls for faster U.S. Federal Reserve interest rate hikes.

GBP/USD
The Cable seesawed at $1.3532 ahead of U.K jobs data later today.

USD/JPY
The Japanese yen slightly gained to 115.32 versus the U.S dollar, although Japanese GDP revealed below estimates earlier in the Asian session.

AUD/USD
The Aussie dollar edged lower to $0.7103 post-RBA Minutes and risk-off mood.

USD/CAD
The Loonie slipped to 1.2737 per U.S dollar as crude oil prices pulled back from a more than seven-year high.

USD/ZAR
South African rand held remained resilient at 15.12 against the U.S dollar in the face of hawkish signals from global central banks that could be tested by warnings that Russia could invade Ukraine at any time.

USD/MUR
The dollar-rupee extended gains by 3 cents to 43.88 (Selling).

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - Average Earnings + Bonus

11:00 - GBP - Claimant count change

14:00 - EUR - German ZEW Economic Sentiment

17:30 - USD - PPI (MoM)(Jan)

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00%-0.25%

16-Mar-2020

16-Mar-2022

European Central Bank

0.00%

10-Mar-2016

31-Mar-2022

Bank of England

0.50%

03-Feb-2022

17-Mar-2022

Bank of Japan

-0.10%

28-Jan-2016

18-Mar-2022

Reserve Bank of Australia

0.10%

03-Nov-2020

01-Mar-2022

S.Africa Reserve Bank

4.00%

28-Jan-2022

24-Mar-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

1.1447

1.3649

116.60

15.77

1.1408

1.3611

116.17

15.66

1.1358

1.3572

115.86

15.48

1.1319

1.3534

115.43

15.37

1.1269

1.3495

115.12

15.16

1.1230

1.3457

114.69

15.04

1.1180

1.3418

114.38

14.86

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

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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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