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Treasury

Daily Market Patrol

Market Patrol 28th June 2022

"The goal of a successful trader is to make the best trades. Money is secondary."

 

 

Alexander Elder
Indicative Selling Rates
against MUR
USD
17 Apr 2024
  • AUD
  • 30.56
  • 0.6476
  • BWP
  • 3.47
  • 0.0735
  • CAD
  • 34.43
  • 1.3705
  • CNY
  • 6.61
  • 7.1410
  • DKK
  • 6.82
  • 6.9167
  • EUR
  • 50.39
  • 1.0680
  • HKD
  • 6.11
  • 7.7157
  • INR
  • 0.57
  • 82.3274
  • JPY
  • 30.86
  • 152.8763
  • KES
  • 36.52
  • 129.2062
  • NZD
  • 28.13
  • 0.5962
  • NOK
  • 4.39
  • 10.7497
  • SGD
  • 34.95
  • 1.3499
  • ZAR
  • 2.56
  • 18.4272
  • SEK
  • 4.37
  • 10.7965
  • CHF
  • 52.05
  • 1.1032
  • GBP
  • 58.93
  • 1.2490
  • USD
  • 47.18
  • 1.0000
  • AED
  • 13.05
  • 3.6157
The Aussie dollar slipped to $0.6929 as Australian's business sentiment dropped
Fundamental News

EUR/USD
The Shared currency gained to $1.0600 amid hawkish expectation of rate hike as market awaits  European inflation figures to run hot this week ahead of speech from central bank chief Christine Lagarde later today.

 

GBP/USD
The Cable fell to $1.2268 as more post-Brexit tensions persisted and could set up further clashes with the European Union  and impact economic growth in Britain. 

 

USD/JPY
The Japanese yen traded sideways at 135.31 as Japan’s Finance Minister Shunichi Suzuki said on Tuesday that it was "a little difficult" at present to confirm the definite impact of Russia's debt default on the economy ahead of US consumer confidence data.

 

AUD/USD
The Aussie dollar slipped to $0.6929 as Australian's business sentiment dropped and RBA rate hike expectations eased ahead of Retail sales data tomorrow. 

 

USD/CAD
The Loonie gained further momentum towards 1.2855 as oil priced have rebounded firmly as USD dollar struggled to extend higher on recession fears.

 

USD/ZAR
The Rand  lifted to 15.82 after the publication of South Africa’s own CPI figures as a surprisingly strong inflation print buoyed further rate hike in South Africa.

 

USD/MUR
The dollar-rupee remained unchanged at 45.00 (Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - EUR - ECB's President Lagarde speech 

15:00 - GBP - BoE's Cunliffe speech 

18:00 - USD - Consumer Confidence

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
1.75%
04-May-2022
-
European Central Bank
0.00%
10-Mar-2016
-
Bank of England
1.00%
05-May-2022
16-Jun-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
2.25%
03-Jun-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
1.0672
1.2440
138.12
16.38
R2
1.0626
1.2367
13.7.21
16.29
R1
1.0574
1.2315
136.09
16.21
PP
1.0528
1.2242
135.18
15.54
S1
1.0476
1.2190
134.06
15.33
S2
1.0430
1.2117
133.15
14.42
S3
1.0378
1.2065
132.03
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.