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Treasury

Daily Market Patrol

Market Patrol 8th June 2022

The real key to making money in stocks is not to get scared out of them

Peter Lynch
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
The Japanese yen hit its lowest level against the dollar in two decades
Fundamental News

EUR/USD
The Shared currency extended losses to $1.0691 as central banks globally are expected to brace for tightening policies to tame inflation.

 

GBP/USD
The Cable grinded higher to $1.2573 following a better than expected reading on U.K's Services PMI and Composite PMI.

 

USD/JPY
The yen faded to 133.09 as rising U.S. Treasury yields supported the greenback, pushing the Japanese yen to its lowest level against the dollar in two decades.

 

AUD/USD
The Aussie dollar meandered at $0.7203 and struggled to justify hawkish comments Ex-RBA Governor Macfarlane who warned over persistently high inflation and the need to sharply hike rates earlier today.

 

USD/CAD
The Loonie gathered strength to 1.2542 against the U.S dollar although Canadian trade disappointed in April, as both imports and exports slowed.

 

USD/ZAR
South African rand boosted to 15.37 per U.S dollar as the local economy expanded in the final quarter of last year driven by a recovery in agriculture and manufacturing, data showed on Tuesday, a boost for President Cyril Ramaphosa who is battling to ignite growth.

 

USD/MUR
The dollar-rupee idled at 44.05(Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Construction PMI (May)

18:30 - USD - Crude oil inventories

 

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
1.0789
1.2821
134.26
16.38
R2
1.0751
1.2710
133.63
16.29
R1
1.0727
1.2652
133.13
16.21
PP
1.0689
1.2541
132.50
15.54
S1
1.0665
1.2483
132.00
15.33
S2
1.0627
1.2372
131.37
14.42
S3
1.0603
1.2314
130.87
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.