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Treasury

Daily Market Patrol

Market Patrol 19th May 2022

 "The fundamental law of investing is the uncertainty of the future."

Peter Bernstein
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 South Africa's rand weakened ahead of central bank interest rate decision
Fundamental News

EUR/USD 
The Shared currency jumped to intraday high of $1.0500 as record high inflation data per HICP figures keeps buyers hopeful of witnessing a July rate hike from a hawkish ECB tone.

 

GBP/USD
The Cable advanced to $1.2400 as risk-perceived assets are gaining the limelight  amid inflationary figures reaching a high of 9.0% and  BOE has no option left rather than hiking rates.

 

USD/JPY
The Japanese yen gained to 128.60 as concerns about a global economic growth continued to weighed on investors sentiment which in turned drove flows into safe haven currency.

 

AUD/USD
The Aussie dollar gained to $0.7000 from a low of $0.6960  getting support from a tick down in Australian unemployment data , the lowest in almost half a century.

 

USD/CAD
The Loonie gained  to 1.2830 against the greenback amid fears of a slowdown in the US GDP growth and stabilizing oil prices above 105.00 dollar.

 

USD/ZAR
The South Africa's rand weakened after inflation held steady at the top of the central bank's target range and disappointing retail sales numbers. Market awaits central bank interest rate decision.

 

USD/MUR
The dollar-rupee remained unchanged at 43.45(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - CPI/Retail data

13:00 - EUR - HICP (MoM)(Apr) 

16:30 - CAD - CPI

 

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
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.