Market Patrol 26th May 2022

I don't think about financial success and the measurement of my success.

Christie Hefner

Indicative Selling Rates
against MUR
USD

26 Apr 2024

AUD
30.81
0.6583

BWP
3.44
0.0736

CAD
34.56
1.3545

CNY
6.55
7.1468

DKK
6.83
6.8533

EUR
50.43
1.0774

HKD
6.07
7.7145

INR
0.57
82.0087

JPY
30.36
154.1916

KES
35.30
132.5951

NZD
28.14
0.6011

NOK
4.36
10.7396

SGD
34.76
1.3465

ZAR
2.54
18.4356

SEK
4.36
10.7346

CHF
51.60
1.1024

GBP
58.79
1.2560

USD
46.81
1.0000

AED
12.95
3.6161

The Shared currency retreated to $1.0676 despite Fed minutes lacked surprise

Fundamental News

EUR/USD
The Shared currency lost ground to $1.0675 despite minutes of the Federal Reserve's May meeting confirmed the potential for a pause in rate hikes after two more half-point increases in June and July.

GBP/USD
The Sterling gained to $1.2560 following the publication of a report detailing COVID lockdown-breaching parties at the office of Britain's prime minister.

USD/JPY
The Japanese yen dropped to 127.38 against the U.S dollar as investors eyed US Gross Domestic Product numbers, which is due later today.

AUD/USD
The Aussie dollar pressured down to $0.7065 on the back of risk-negative headlines from China and Ukraine coupled with downbeat Aussie data.

USD/CAD
The Loonie traded flat at 1.2847 against the greenback despite a surge in oil prices.

USD/ZAR
South African rand slipped to 15.79 per U.S dollar ahead of S.A's March producer price inflation numbers.

USD/MUR
The dollar-rupee unbothered at 43.70(Selling).

Fundamental & Technical Data

Economic Indicators-Local Time

13:30 - ZAR - PPI (YoY)(Apr)

16:30 - USD - GDP (QoQ)(Q1)

16:30 - USD - Initial Jobless Claims

16:30 - CAD - Core Retail Sales (MoM)(Mar)

18:00 - USD - Pending Home Sales (MoM)(Apr)

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

1.0831

1.2730

128.49

16.38

1.0787

1.2661

128.00

16.29

1.0732

1.2620

127.65

16.21

1.0688

1.2551

127.16

15.54

1.0633

1.2510

126.81

15.33

1.0589

1.2441

126.32

14.42

1.0534

1.2400

125.97

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

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

Email

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.

Treasury

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