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Treasury

Daily Market Patrol

Market Patrol 1st June 2022

"Amateurs think about how much money they can make. Professionals think about how much money they could lose."

Jack Schwager
Indicative Selling Rates
against MUR
USD
24 Apr 2024
  • AUD
  • 30.84
  • 0.6580
  • BWP
  • 3.43
  • 0.0732
  • CAD
  • 34.58
  • 1.3552
  • CNY
  • 6.56
  • 7.1461
  • DKK
  • 6.83
  • 6.8651
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.07
  • 7.7178
  • INR
  • 0.57
  • 81.9769
  • JPY
  • 30.62
  • 153.0506
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.11
  • 0.5997
  • NOK
  • 4.40
  • 10.6625
  • SGD
  • 34.83
  • 1.3457
  • ZAR
  • 2.54
  • 18.4847
  • SEK
  • 4.40
  • 10.6565
  • CHF
  • 51.73
  • 1.1037
  • GBP
  • 58.66
  • 1.2515
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6156
The Canadian dollar strengthened to its highest level to 1.2630$ ahead of BOC interest rate decision
Fundamental News

EUR/USD
The Shared currency lost ground to $1.0711 as the EU inflation broke above 8% threshold amid a stronger demand for the US dollar.

 

GBP/USD
The Cable plunged to $1.2580 as investors dumped the pound on Brexit concerns and disappointment of British business leaders over the Northern Ireland Protocol (NIP) over UK PM Boris Johnson’s party.

 

USD/JPY
The Japanese yen nosedived to 129.00 partly due to the dovish comments from the BOJ policymaker amid high US Treasury yields.

 

AUD/USD
The Aussie dollar witnessed a steep fall towards $0.7163 as Australia’s new Treasurer said that China's zero-COVID policy still poses risks to the economy.

 

USD/CAD
The Canadian dollar strengthened to its highest level to 1.2630$ as domestic data that showed the economy had improved into the second quarter ahead of BOC interest rate decision.

 

USD/ZAR
The South African rand strengthened to 15.66 as the South African government on Tuesday outlined new measures to curb steeply rising domestic fuel prices and ease pressure on consumers as the economy registered a fall in unemployment rate.

 

USD/MUR
The dollar-rupee stayed put at  43.80(Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:00  - EUR - S&P Global Manufacturing PMI(May) 

12:30 - GBP - S&P Global/CIPS Manufacturing PMI(May) 

13:00 - EUR - Unemployment Rate(Apr) 

15:00 - EUR - ECB's President Lagarde speech 

17:30 - USD - S&P Global Manufacturing PMI(May) 

17:45 - USD - S&P Global Manufacturing PMI

18:00 - BoC Interest Rate Decision 

19:30 - Fed's Williams speech 

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
4.75%
20-May-2022
21-Jul-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
1.0825
1.2705
128.62
16.38
R2
1.0779
1.2663
128.10
16.29
R1
1.0755
1.2336
127.59
16.21
PP
1.0709
1.2594
127.07
15.54
S1
1.0685
1.2567
126.56
15.33
S2
1.0639
1.2525
126.04
14.42
S3
1.0615
1.2498
125.53
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.