Market Patrol 1st July 2022

Wealth is the ability to fully experience life

Henry David Thoreau

Indicative Selling Rates
against MUR
USD

17 Sep 2024

AUD
31.68
0.6843

BWP
3.55
0.0767

CAD
34.34
1.3483

CNY
6.73
6.8821

DKK
7.00
6.6124

EUR
51.76
1.1178

HKD
6.03
7.6747

INR
0.56
82.4835

JPY
33.53
138.0841

KES
36.53
126.7412

NZD
28.91
0.6245

NOK
4.46
10.3728

SGD
36.31
1.2750

ZAR
2.72
17.0251

SEK
4.61
10.0469

CHF
55.17
1.1916

GBP
61.44
1.3270

USD
46.30
1.0000

AED
12.91
3.5873

South Africa's rand tumbled to its lowest level since October 2020

Fundamental News

EUR/USD
The Single currency trimmed some of the previous day's losses to $1.0467 after fresh inflation data showed U.S. consumer spending rose less than expected in May.

GBP/USD
The Cable ticked down to $1.2132 as Brexit, politics, and economic pessimism continued to weigh on the Cable.

USD/JPY
The Japanese yen strengthened to 134.91 against the U.S. dollar, boosted by the fall in U.S. Treasury yield alongside high inflation, spurred a flight to safe-haven.

AUD/USD
The Aussie dollar cascaded to $0.6831 as the risk-off mood took clues from the escalating fears of the economic slowdown and shrugging off upbeat Chinese data.

USD/CAD
The Loonie sank to 1.2923 per U.S. dollar on the souring financial market mood and falling oil prices.

USD/ZAR
South Africa's rand tumbled to 16.37 against the greenback, the lowest level since October 2020, as electricity cuts and worries about a global recession renewed pressure on the currency.

USD/MUR
The dollar-rupee stayed put at 45.25(Selling).

Fundamental & Technical Data

Economic Indicators-Local Time

11:55 - EUR - German Manufacturing PMI (Jun)

12:30 - GBP - Manufacturing PMI

13:00 - EUR - CPI (YoY)(Jun)

18:00 - USD - ISM Manufacturing PMI (Jun)

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

1.75%

04-May-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

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

1.0627

1.2312

137.74

17.13

1.0558

1.2250

137.28

16.74

1.0521

1.2215

136.49

16.47

1.0452

1.2153

136.03

15.54

1.0415

1.2118

135.24

15.33

1.0346

1.2056

134.78

14.42

1.0309

1.2021

133.99

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

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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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