Market Patrol 16 February 2022

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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

The Shared currency trimmed losses on hopes of easing tensions in Ukraine

Fundamental News

EUR/USD
The Shared currency trimmed the previous day's losses to $1.1350 on reports that Russia could move forces away from its border with Ukraine.

GBP/USD
The Cable capped gains at $1.3547 despite strong U.K. wage growth figures. Focus shifts to UK inflation data later in the day.

USD/JPY
The Japanese yen extended its fall to 115.66 per U.S dollar despite comments from Japan's Finance Minister that the government is taking steps to address the impact rising prices on gasoline could have on the economy.

AUD/USD
The Aussie dollar cheered to $0.7156 in hopes of no further escalation in the Russia-Ukraine tussles after Moscow rolled back some of its troops from borders.

USD/CAD
The Loonie gained to 1.2713 against a weaker greenback, and all eyes turn to Canadian inflation with hawkish sentiment at BoC brewing.

USD/ZAR
South African rand strengthened to 15.08 per U.S dollar, shrugging off a fall in commodity prices.

USD/MUR
The dollar-rupee surged by 7 cents to 43.95 (Selling).

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - CPI (YoY) (Jan)

17:30 - CAD - Core CPI (MoM)(Jan)

19:30 - USD - Crude Oil Inventories

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

1.1450

1.3658

116.49

15.77

1.1409

1.3612

116.18

15.66

1.1384

1.3578

115.89

15.48

1.1343

1.3532

115.58

15.37

1.1318

1.3498

115.29

15.16

1.1277

1.3452

114.98

15.04

1.1252

1.3418

114.69

14.86

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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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.

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