Market Patrol 23 February 2022

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Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

The Cable added to gains on more hawkish comments from BOE.

Fundamental News

EUR/USD
The Shared currency deteriorated slowly to $1.1328 on negative risk sentiment, amid the Ukraine crisis continued to weigh on the pair.

GBP/USD
The Cable printed intraday gains to $1.3590 from recent hawkish comments from Bank of England ( BOE) Deputy Governor Dave Ramsden as the market awaits further hike rates.

USD/JPY
The Japanese yen lost ground to 115.03 against the greenback following an uptick in US 10 year- Treasury yield.

AUD/USD
The Aussie dollar traded near its daily high of $0.7240 as the Australia Wage Price index for the fourth quarter of 2021 arrived as expected.

USD/CAD
The Loonie firmed at 1.2745 versus the greenback on expectations that oil prices might continue to shoot up on fears of global supply disruption. Canadian Prime Minister (PM) Justin Trudeau unveiled punitive measures for Russia’s latest actions.

USD/ZAR

The rand rallied to 15.02, expecting that Finance Minister Enoch Godongwana would table a good budget in parliament later today.

USD/MUR
The dollar-rupee rose another 5 cents to 43.75 (selling) on broad USD strength.

Fundamental & Technical Data

Economic Indicators-Local Time

13:15 - EUR - ECB's Elderson Speech

13:30 - GBP - BOE Monetary Policy hearing

15:30 - EUR - ECB's De Guindos Speech

21:00 - GBP - Tenreyro's Speech

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

1.1453

1.3731

116.05

15.77

1.1419

1.3685

115.80

15.66

1.1391

1.3649

115.36

15.48

1.1357

1.3603

115.11

15.37

1.1329

1.3567

114.67

15.16

1.1295

1.3521

114.42

15.04

1.1267

1.3485

113.98

14.86

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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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