Market Patrol 26th April 2022

I don't think of financial success as the measurement of my success

Christie Hefner

Indicative Selling Rates
against MUR
USD

13 Sep 2024

AUD
31.67
0.6825

BWP
3.54
0.0763

CAD
34.47
1.3462

CNY
6.73
6.8936

DKK
6.99
6.6344

EUR
51.70
1.1141

HKD
6.04
7.6821

INR
0.56
82.5855

JPY
33.54
138.3498

KES
36.67
126.5504

NZD
28.94
0.6238

NOK
4.43
10.4807

SGD
36.28
1.2789

ZAR
2.71
17.1267

SEK
4.58
10.1253

CHF
54.95
1.1843

GBP
61.31
1.3214

USD
46.40
1.0000

AED
12.93
3.5875

The Single currency extended its downfall as Chinese COVID-19 concerns mount

Fundamental News

EUR/USD
The Shared currency extended its downfall to $1.0726 on fears about the economic impact of China's COVID-19 lockdowns and an aggressive pace of U.S. rate hikes sent investors scrambling for safety.

GBP/USD
The Cable crumbled to $1.2755 on lingering UK political concerns and Brexit issues, as well worries about the likelihood the BoE's early start in removing emergency easing policies.

USD/JPY
The Japanese yen grinded higher to 128.11 against the U.S dollar on upbeat Japanese data, attention now shifts to Thursday’s BOJ meeting.

AUD/USD
The Aussie dollar popped to $0.7223 with Australian markets opening after a holiday.

USD/CAD
The Loonie regained strength to 1.2692 versus the greenback after comments from BoC Governor Tiff Macklem that the BOC was considering a second consecutive 0.5% increase in an effort to tackle runaway inflation.

USD/ZAR
The South African rand continued to plunge lower to 15.68 and remained under pressure from a strong U.S dollar as a wave of risk aversion swept through global markets.

USD/MUR
The dollar-rupee dropped by 5 cents to 43.35(Selling) on back of intervention form the central bank.

Fundamental & Technical Data

Economic Indicators-Local Time

18:00 - USD - CB Consumer Confidence (Apr)

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.50%

17-Mar-2022

04-May-2022

European Central Bank

0.00%

10-Mar-2016

Bank of England

0.75%

17-Mar-2022

Bank of Japan

-0.10%

28-Jan-2016

Reserve Bank of Australia

0.10%

03-Nov-2020

S.Africa Reserve Bank

4.25%

24-Mar-2022

19-May-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

1.0904

1.2973

130.16

16.38

1.0859

1.2909

129.52

16.08

1.0786

1.2826

128.82

15.80

1.0741

1.2762

128.18

15.21

1.0668

1.2679

127.48

14.84

1.0623

1.2615

126.84

14.34

1.0550

1.2532

126.14

14.02

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

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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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