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Treasury

Daily Market Patrol

Market Patrol 5th July 2022

"We want to perceive ourselves as winners, but successful traders are always focusing on their losses."

Peter Borish
Indicative Selling Rates
against MUR
USD
19 Apr 2024
  • AUD
  • 30.42
  • 0.6459
  • BWP
  • 3.47
  • 0.0737
  • CAD
  • 34.46
  • 1.3664
  • CNY
  • 6.60
  • 7.1402
  • DKK
  • 6.82
  • 6.9093
  • EUR
  • 50.34
  • 1.0691
  • HKD
  • 6.10
  • 7.7148
  • INR
  • 0.57
  • 82.1874
  • JPY
  • 30.85
  • 152.6385
  • KES
  • 35.97
  • 130.9049
  • NZD
  • 27.96
  • 0.5937
  • NOK
  • 4.35
  • 10.8251
  • SGD
  • 34.91
  • 1.3490
  • ZAR
  • 2.53
  • 18.6446
  • SEK
  • 4.35
  • 10.8361
  • CHF
  • 52.18
  • 1.1081
  • GBP
  • 58.79
  • 1.2484
  • USD
  • 47.09
  • 1.0000
  • AED
  • 13.02
  • 3.6162
The Cable remained on the backfoot at $1.2117 amid tensions on renewed Brexit
Fundamental News

EUR/USD
The Single currency remained supported at $1.0444 as  ECB Vice President Luis de Guindos said  that they have seen inflationary pressures broaden and intensify across many goods and services in recent months but  still expecting positive growth rates throughout our projection horizon.

 

GBP/USD
The Cable remained on the backfoot at $1.2117 amid tensions on renewed Brexit and enlarging real income shocks in the UK economy.

 

USD/JPY
The Japanese yen fell to 136.20 against the greenback as US treasury yields rose and Japanese central bank is expected to upgrade its outlook on inflation later this month in the face of the sharp decline in the yen.

 

AUD/USD
The Aussie dollar dropped to $0.6871 despite RBA announced 0.50% interest rate increase as hopes of US-china trade deal joined downbeat Treasury yields to portray cautious optimism.

 

USD/CAD
The Loonie traded flat at 1.2860 as consumer inflation expectations hit fresh high according to latest Bank of Canada survey, bolstering a 75-basis point rate increase.

 

USD/ZAR
South Africa's rand gained to 16.31 on broad dollar weakness ahead of FOMC minutes tomorrow.

 

USD/MUR
The dollar-rupee remained unchanged  at 45.25(Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - EUR - S&P Global Services PMI 

12:30 - GBP - S&P Global/CIPS Composite PMI(Jun) 

8:30 - CAD - Bank of Canada Business Outlook Survey

 

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
1.35%
01-Jan-0001
-
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
1.0627
1.2312
137.74
17.13
R2
1.0558
1.2250
137.28
16.74
R1
1.0521
1.2215
136.49
16.47
PP
1.0452
1.2153
136.03
15.54
S1
1.0415
1.2118
135.24
15.33
S2
1.0346
1.2056
134.78
14.42
S3
1.0309
1.2021
133.99
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.