Market Patrol 10th May 2022

Hope is not a financial plan

Ric Edelman

Indicative Selling Rates
against MUR
USD

15 Jan 2025

AUD
29.79
0.6292

BWP
3.43
0.0726

CAD
33.27
1.4229

CNY
6.66
7.1114

DKK
6.64
7.1328

EUR
49.01
1.0354

HKD
6.17
7.6752

INR
0.56
85.1083

JPY
30.82
153.5780

KES
37.13
127.5093

NZD
26.80
0.5661

NOK
4.25
11.1335

SGD
35.15
1.3467

ZAR
2.59
18.2579

SEK
4.30
11.0196

CHF
52.22
1.1031

GBP
58.07
1.2267

USD
47.34
1.0000

AED
13.19
3.5889

The dollar-rupee unbothered at 43.40 (selling).

Fundamental News

EUR/USD
The Shared currency trimmed part of previous day's losses to $1.0578 as investors shrug off US inflation fear ahead of German ZEW data.

GBP/USD
The Cable recovered to $1.2365 despite UK’s Foreign Secretary Liz Truss prepares to drop the Northern Ireland protocol on failed talks with EU ahead of the key speech from UK PM Boris Johnson later today.

USD/JPY
The Japanese yen darted higher to 130.36 against the U.S dollar amid a pullback in US Treasury yields and mildly positive market sentiment.

AUD/USD
The Aussie dollar strengthened to $0.6977 on mixed economic data from Australian agencies in the Asian session earlier today.

USD/CAD
The Canadian dollar dropped to 1.2996 against the greenback amid rising worries about the global economic outlook that has weighed particularly heavily on commodity-linked currencies.

USD/ZAR
The South African rand fell to 16.11 per U.S dollar as struggling utility Eskom resumed scheduled power cuts.

USD/MUR
The dollar-rupee unbothered at 43.40 (selling).

Fundamental & Technical Data

Economic Indicators-Local Time

13:00 - EUR - German ZEW Economic Sentiment (May)

20:00 - USD - EIA Short-term energy outlook

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

4.25%

24-Mar-2022

19-May-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

1.0719

1.2493

131.58

16.38

1.0659

1.2436

131.20

16.29

1.0603

1.2389

130.87

16.21

1.0543

1.2332

130.49

15.39

1.0487

1.2285

130.16

15.33

1.0427

1.2228

129.78

14.42

1.0371

1.2181

129.45

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

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

+230 403 5500

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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.

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