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Treasury

Daily Market Patrol

Market Patrol 29th June 2022

If you don't find a way to make money while you sleep, you will work until you die

Warren Buffett
Indicative Selling Rates
against MUR
USD
29 Jun 2022
  • AUD
  • 31.43
  • 0.6969
  • BWP
  • 3.74
  • 0.0829
  • CAD
  • 35.34
  • 1.2761
  • CNY
  • 6.82
  • 6.6139
  • DKK
  • 6.49
  • 6.9543
  • EUR
  • 47.69
  • 1.0575
  • HKD
  • 5.84
  • 7.7250
  • INR
  • 0.58
  • 77.7506
  • JPY
  • 33.47
  • 134.7559
  • KES
  • 38.82
  • 116.1839
  • NZD
  • 28.46
  • 0.6311
  • NOK
  • 4.68
  • 9.6359
  • SGD
  • 32.86
  • 1.3725
  • ZAR
  • 2.88
  • 15.6739
  • SEK
  • 4.51
  • 10.0045
  • CHF
  • 47.51
  • 1.0533
  • GBP
  • 55.28
  • 1.2257
  • USD
  • 45.10
  • 1.0000
  • AED
  • 12.41
  • 3.6342
The Shared currency dipped after ECB President Christine Lagarde dovish comment.
Fundamental News

EUR/USD
The Shared currency dipped to $1.0511 after European Central Bank chief Christine Lagarde offered no fresh insight on the path for European interest rates at the ECB's annual forum.

 

GBP/USD
The Cable retreated to $1.22 in a cautious mood ahead of today's key panel discussion by the U.S. Federal Reserve Chairman Jerome Powell, Bank of England Governor Andrew Bailey and the European Central Bank President Christine Lagarde at the ECB Forum.

 

USD/JPY
The Japanese yen lost ground to 136.11 against the greenback, shrugging off strong retail trade data from Japan earlier today.

 

AUD/USD
The Aussie dollar unchanged at $06905 despite Australia Retail Sales rising past expectations to reprint 0.9% growth for May.

 

USD/CAD
The Loonie firmed at 1.2869 per U.S dollar on hopes China is starting to normalize the COVID policy helped to cushion the Canadian dollar.

 

USD/ZAR
The South African rand fell to 16.06 against the dollar as state power company Eskom implemented the worst power cuts in over two years after 10 of its generation units went offline overnight, and a violent strike hampered efforts to bring them back online.

 

USD/MUR
The dollar-rupee surged by 10 cents to 45.10(Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

15:35 - GBP - BoE Gov Bailey Speaks

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

17:00 - EUR - ECB President Lagarde Speaks

18:30 - USD - Crude Oil Inventories

19:00 - EUR - ECB President Lagarde Speaks

 

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
1.0687
1.2368
137.93
16.38
R2
1.0646
1.2330
137.16
16.29
R1
1.0584
1.2257
136.66
16.21
PP
1.0543
1.2219
135.89
15.54
S1
1.0481
1.2146
135.39
15.33
S2
1.0440
1.2108
134.62
14.42
S3
1.0378
1.2035
134.12
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
Weekly Market Update by Reshma Rajwani Peerun on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.