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Treasury

Daily Market Patrol

Market Patrol 7th June 2022

To get rich you have to be making money while you are asleep.

David Bailey
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
RBA surprised traders with a higher-than-expected rate lift of 50 bps.
Fundamental News

EUR/USD
The Shared currency extended losses to $1.0681 on a stronger greenback, the market focus will remain glued to the ECB monetary policy decision on Thursday followed by the release of the US consumer inflation figures on Friday.

 

GBP/USD
The Cable pressured down to $1.2461 after U.K's Prime Minister Boris Johnson won a confidence vote, called by members of his Conservative Party, but by a relatively modest margin.

 

USD/JPY
The Japanese yen hit a fresh two-decade low versus the U.S dollar at 132.87, as worries about persistent inflation pushed up U.S. bond yields.

 

AUD/USD

The Aussie dollar popped up and dropped back to $0.7188 after RBA surprised traders with a higher-than-expected rate lift of 50 bps.

 

USD/CAD
The Loonie lost traction to 1.2603 against the greenback on sluggish oil prices and ahead of second-tier Canadian data.

 

USD/ZAR
South African rand modestly gained to 15.47 per U.S dollar as investors globally welcomed signs of an easing of restrictions by China, ahead of a busy policy-focused week in which a European Central Bank meeting and U.S. consumer price data are scheduled.

 

USD/MUR
The dollar-rupee shot up by 15 cents to 44.05(Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Composite PMI (May)

12:30 - GBP - Services PMI (May)

18:00 - CAD - Ivey PMI (May)

 

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
1.0815
1.2663
132.61
16.38
R2
1.0789
1.2626
131.79
16.29
R1
1.0755
1.2559
131.32
16.21
PP
1.0729
1.2522
130.50
15.54
S1
1.0695
1.2455
130.03
15.33
S2
1.0669
1.2418
129.21
14.42
S3
1.0635
1.2351
128.74
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.