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Treasury

Daily Market Patrol

Market Patrol 3rd June 2022

It's much better to buy a wonderful company at a fair price than a suitable company at a wonderful price.

Warren Buffet
Indicative Selling Rates
against MUR
USD
24 Apr 2024
  • AUD
  • 30.84
  • 0.6580
  • BWP
  • 3.43
  • 0.0732
  • CAD
  • 34.58
  • 1.3552
  • CNY
  • 6.56
  • 7.1461
  • DKK
  • 6.83
  • 6.8651
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.07
  • 7.7178
  • INR
  • 0.57
  • 81.9769
  • JPY
  • 30.62
  • 153.0506
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.11
  • 0.5997
  • NOK
  • 4.40
  • 10.6625
  • SGD
  • 34.83
  • 1.3457
  • ZAR
  • 2.54
  • 18.4847
  • SEK
  • 4.40
  • 10.6565
  • CHF
  • 51.73
  • 1.1037
  • GBP
  • 58.66
  • 1.2515
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6156
The South African rand strengthened to 15.44 on broad dollar weakness ahead of non-farm payroll , unemployment rate and President Biden speech
Fundamental News

EUR/USD
The Shared currency jumped to $1.0755 as European Central Bank (ECB) policymaker Francois Villeroy de Galhau stated that inflation is too high and too broad and normalization of the ECB policy is required.

 

GBP/USD
The Cable gained to $1.2574 amid ongoing discussion over the monetary policy announcement of a 50 basis point increase  by the Bank of England amid  two days holiday in the UK.

 

USD/JPY
The Japanese yen modestly gained to 129.93 as Japan PMI came in firmer as BOJ Governor Haruhiko Kuroda stated that the central bank must maintain easy policy to create economic environment.

 

AUD/USD
The Aussie dollar hit a new high of $0.7282 on hopes for China's recovery from lockdowns and on expectation of domestic interest rate rises despite Construction index fell below expectations.

 

USD/CAD
The Canadian dollar rallied to 1.2567 on expectations of a higher oil prices and lower ADP Employment change numbers which have raised the odds of lower NFP release.

 

USD/ZAR
The South African rand strengthened to 15.44 on broad dollar weakness ahead of non-farm payroll , unemployment rate and President Biden speech 

 

USD/MUR 
The dollar-rupee remained unchanged at  43.90 (Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - Retail Sales

16:30 - USD - Non- Farm payrolls

16:30 - USD - Unemployment rate

16:30 - CAD - Labor Productivity (QoQ)(Q1) 

18:00 - USD - ISM Services Employment Index(May) 

18:30 - USD - President Biden speech 

 

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
R3
1.0825
1.2705
128.62
16.38
R2
1.0779
1.2663
128.10
16.29
R1
1.0755
1.2336
127.59
16.21
PP
1.0709
1.2594
127.07
15.54
S1
1.0685
1.2567
126.56
15.33
S2
1.0639
1.2525
126.04
14.42
S3
1.0615
1.2498
125.53
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.