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Treasury

Daily Market Patrol

Market Patrol 24 February 2022

“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”

Yvan Byeajee
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
EURUSD plummeted to a low of $1.1207 as Russia declared war on Ukraine.
Fundamental News

EUR/USD
The Shared currency fell sharply to $1.1207 as market sentiment sours on geopolitical concerns as Russia declared war on Ukraine.

 

GBP/USD
The Cable pulled back under $1.3600 to trade at $1.3500 amid dovish BoE vibes and geopolitical tensions arising.

 

USD/JPY
The Japanese yen rallied to 114.60 as investors rushed to safe-haven assets, while Japan PM Kishida said he would work with G7 members and the international community on Ukraine issues.

 

AUD/USD 
The Aussie dollar took a step back to trade at $0.7190 as the risk of conflict dragged on global growth and investment.

 

USD/CAD
The Canadian dollar fell towards 1.2800  against a cheering up U.S. dollar as Ukraine declared a state of emergency and the West unveiled more sanctions against Russia over its move into eastern Ukraine.

 

USD/ZAR

The rand nosedived to 15.28 as budget delivered by Finance Minister Enoch Godongwana did not meet expectations regarding power cut utilities and how tax receipt will be allocated due to high commodity prices.

 

USD/MUR 
The dollar-rupee climbed another 10 cents to 43.85 (selling) on U.S. dollar strength.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - Jobless claims

17:30 - USD - GDP

20:00 - EUR - ECB's Schnabel speech

22:00 - GBP - BOE's pill 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
R3
1.1329
1.3603
116.05
15.77
R2
1.1295
1.3567
115.80
15.66
R1
1.1267
1.3521
115.36
15.48
PP
1.1247
1.3485
115.11
15.37
S1
1.1220
1.3440
114.67
15.16
S2
1.1190
1.3400
114.42
15.04
S3
1.1130
1.3370
113.98
14.86
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.