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Treasury

Daily Market Patrol

Market Patrol 25th May 2022

Beware of little expenses, a small leak will sink a great ship

Benjamin Franklin
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 Shared currency extended gains ahead of Fed minutes Release
Fundamental News

EUR/USD
The Shared currency extended gains to $1.0704 ahead of minutes from the last Fed meeting to be released later today, investors are expecting more clues on whether the tightening would continue.

 

GBP/USD
The Sterling fell to $1.2525 following U.K PMI data showed that momentum in Britain's private sector slowed much more than expected this month, adding to recession worries as inflation pressures ratcheted higher.

 

USD/JPY
The Japanese yen shot up to 127.01 against the U.S dollar after data showed U.S. business activity slowed in May as higher prices cooled demand for services while renewed supply constraints because of COVID-19 lockdowns in China and the war in Ukraine hampered production at factories.

AUD/USD

The Aussie dollar rose to $0.7100 after RBA Assistant Governor Luci Ellis signaled more rate hikes for this year.

 

USD/CAD
The Loonie lost ground to 1.2831 against the greenback as a firmer USD battled strong oil ahead of Fed Minutes.

 

USD/ZAR
South Africa's rand strengthened to 15.66 per U.S dollar, despite fears of a slowdown in a global economic recovery, amid U.S. dollar weakness and rising prices of gold, a significant export of the country.

 

USD/MUR
The dollar-rupee boosted by 15 cents put at 43.70 (selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - EUR ECB President Lagarde Speaks

16:30 - USD - Durable Goods Orders (MoM)(Apr)

18:30 - USD - Crude oil inventories

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
1.0858
1.2726
129.57
16.38
R2
1.0803
1.2662
128.82
16.29
R1
1.0770
1.2599
127.85
16.21
PP
1.0715
1.2535
127.10
15.39
S1
1.0682
1.2472
126.13
15.33
S2
1.0627
1.2408
125.38
14.42
S3
1.0594
1.2345
124.41
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.