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Treasury

Daily Market Patrol

Market Patrol 29th April 2022

Fiance without strategy is just numbers and strategy without finance is just dreaming.

E Faber
Indicative Selling Rates
against MUR
USD
18 Apr 2024
  • AUD
  • 30.55
  • 0.6504
  • BWP
  • 3.46
  • 0.0738
  • CAD
  • 34.43
  • 1.3642
  • CNY
  • 6.58
  • 7.1369
  • DKK
  • 6.82
  • 6.8835
  • EUR
  • 50.41
  • 1.0732
  • HKD
  • 6.09
  • 7.7142
  • INR
  • 0.57
  • 82.2069
  • JPY
  • 30.79
  • 152.5363
  • KES
  • 36.08
  • 130.1709
  • NZD
  • 28.05
  • 0.5972
  • NOK
  • 4.37
  • 10.7550
  • SGD
  • 34.90
  • 1.3459
  • ZAR
  • 2.55
  • 18.3894
  • SEK
  • 4.36
  • 10.7728
  • CHF
  • 51.95
  • 1.1061
  • GBP
  • 58.86
  • 1.2531
  • USD
  • 46.97
  • 1.0000
  • AED
  • 12.99
  • 3.6158
The Greenback near two decade high over growth fears
Fundamental News

EUR/USD
The Shared currency crumbled to $1.0537 on concerns about Europe's energy security, inflation, and economic growth continue thanks to the ongoing war in Ukraine, as well as Russia’s halting of gas supplies to Poland and Bulgaria earlier in the week.

 

GBP/USD
The Cable licked wounds at $1.2519 after relentless beating by the U.S dollar during the week, focus shifts to next week's BoE meeting.

 

USD/JPY
The Japanese yen extended losses to 130.24 against the greenback, unbothered by weaker-than-expected quarterly U.S. growth data.

 

AUD/USD
The Aussie dollar recovered to $0.7152 earlier today on investors' sentiment that Australia's monetary tightening cycle is set to begin as soon as next week.

 

USD/CAD
The Loonie grinded higher to 1.2750 per U.S dollar following a rise in the price of crude oil amid the rising possibility of a European embargo on Russian oil.

 

USD/ZAR
South African rand sank to 15.97 as the U.S. dollar surged to its highest levels in two decades on Thursday propelled by widespread weakness in its major rivals.

 

USD/MUR
The dollar-rupee stayed put at 43.45 (selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - EUR - German GDP (QoQ)(Q1)

13:00 - EUR - CPI (YoY)(Apr)

16:30 - CAD - GDP (MoM)(Feb)

 

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
R3
1.0646
1.2706
134.86
16.38
R2
1.0605
1.2638
133.05
16.08
R1
1.0553
1.2549
131.95
15.80
PP
1.0512
1.2481
130.14
15.21
S1
1.0460
1.2392
129.04
14.84
S2
1.0419
1.2324
127.23
14.34
S3
1.0367
1.2235
126.13
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
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.