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Treasury

Daily Market Patrol

Market Patrol 9th June 2022

Every financial decision should be driven by what you value

David Bach
Indicative Selling Rates
against MUR
USD
25 Apr 2024
  • AUD
  • 30.77
  • 0.6565
  • BWP
  • 3.43
  • 0.0733
  • CAD
  • 34.51
  • 1.3581
  • CNY
  • 6.56
  • 7.1473
  • DKK
  • 6.83
  • 6.8649
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.08
  • 7.7125
  • INR
  • 0.57
  • 82.0612
  • JPY
  • 30.50
  • 153.6760
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.10
  • 0.5994
  • NOK
  • 4.36
  • 10.7536
  • SGD
  • 34.80
  • 1.3468
  • ZAR
  • 2.52
  • 18.6007
  • SEK
  • 4.37
  • 10.7251
  • CHF
  • 51.57
  • 1.1003
  • GBP
  • 58.71
  • 1.2526
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6157
The Shared currency modestly gained to $1.0730, all eyes on ECB meeting later today
Fundamental News

EUR/USD
The Shared currency sailed higher to $1.0730 ahead of the European Central Bank meeting where it is expected to end its long-running asset purchase program.

 

GBP/USD
The Pound Sterling fell to $1.2527 amid worries over the UK economy and investor nervousness about a confidence vote on British Prime Minister Boris Johnson that left him politically vulnerable.

 

USD/JPY
The yen has been weighed down to 133.80 against the U.S dollar by rising interest rates around the world at a time when the Bank of Japan remains wedded to keeping policy highly stimulatory, as has Japan's shrinking current account surplus.

 

AUD/USD
The Aussie dollar dropped to $0.7173 despite a better-than-expected Chinese trade data earlier today.

 

USD/CAD
The Loonie modestly gained to $1.2564 as oil prices cheered China’s gradual recovery from covid and geopolitical concerns.

 

USD/ZAR
South Africa's rand strengthened to 15.28 on Wednesday as a weaker U.S. dollar lent support even as concerns about weak global growth weighed on markets.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

15:45 - EUR - ECB Interest rate decision

15:45 - EUR - ECB Monetary Policy statement

16:30 - USD - Initial Jobless claims

16:30 - EUR - ECB Press Conference 

 

 

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
1.0828
1.2670
136.89
16.38
R2
1.0788
1.2634
135.68
16.29
R1
1.0752
1.2585
134.97
16.21
PP
1.0712
1.2549
133.76
15.54
S1
1.0676
1.2500
133.05
15.33
S2
1.0636
1.2464
131.84
14.42
S3
1.0600
1.2415
131.13
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.