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Treasury

Daily Market Patrol

Market Patrol 20th May 2022

 "In investing what is comfortable is rarely profitable."

Robert Arnott
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 extended a sharp rally to 15.82 as South African Reserve Bank announced its largest increase in its cash rate for  6 years
Fundamental News

EUR/USD 
The Shared currency surged towards $1.0600 as ECB unveiled its last monetary policy minutes which confirmed the increasingly hawkish tone of many ECB members and discussion around how much to hike rates in July meeting.

 

GBP/USD
The Cable gained to $1.2500 on broad dollar weakness but retraced back to $1.2465 amid fears of growth and inflation, exerting pressure on the pair ahead of retail sales data.

 

USD/JPY
The Japanese yen advanced below 128.00 after a significantly higher than expected Japan inflation underpinned the greenback.

 

AUD/USD
The Aussie dollar dribbled around intraday low at $0.7040 as PBOC rate cut battles cautious optimism in the Asia-Pacific markets.

 

USD/CAD
The Loonie benefited against the greenback at 1.2800 from a soft US dollar and high oil prices while consumer prices hit a 31-year high at 6.8% year on year.

 

USD/ZAR
The South Africa's rand extended a sharp rally to 15.82 as South African Reserve Bank announced its largest increase in its cash rate to 4.75% for  6 years  and raised its forecast  to suggest that borrowing costs are likely to rise further in the months ahead.

 

USD/MUR
The dollar-rupee jumped by 20 cents at 43.65(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - Retail Sales data

11:30 - GBP - BoE's Pill Speech

16:00 - EUR - ECB's Lane speech 

18:00 - EUR - Consumer confidence

 

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
1.0663
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.