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Treasury

Daily Market Patrol

Market Patrol 13th April 2022

Beware little expenses. A small leak will sink a great ship

Benjamin Frankil
Indicative Selling Rates
against MUR
USD
20 Dec 2024
  • AUD
  • 30.10
  • 0.6322
  • BWP
  • 3.54
  • 0.0745
  • CAD
  • 33.29
  • 1.4301
  • CNY
  • 6.72
  • 7.0815
  • DKK
  • 6.71
  • 7.0904
  • EUR
  • 49.58
  • 1.0414
  • HKD
  • 6.22
  • 7.6568
  • INR
  • 0.57
  • 83.7507
  • JPY
  • 31.08
  • 153.1735
  • KES
  • 37.41
  • 127.2757
  • NZD
  • 27.03
  • 0.5677
  • NOK
  • 4.24
  • 11.2216
  • SGD
  • 35.54
  • 1.3396
  • ZAR
  • 2.68
  • 17.7715
  • SEK
  • 4.37
  • 10.8960
  • CHF
  • 53.34
  • 1.1203
  • GBP
  • 59.72
  • 1.2543
  • USD
  • 47.61
  • 1.0000
  • AED
  • 13.26
  • 3.5895
The dollar-rupee shot up by 10 cents to 43.70(Selling) on the back of U.S dollar strength.
Fundamental News

EUR/USD
The Shared currency faded to $1.0830 as the war in Ukraine showed no sign of ending anytime soon after Russian President Vladimir Putin described peace negotiations are "a dead-end situation" overnight.

 

GBP/USD
The Cable sank back to $1.3002 as the US dollar firmed up.

 

USD/JPY
The Japanese yen extended its fall to 125.66 against the U.S dollar as U.S CPI data unveiled yesterday was not as bad as feared and forced investors to scale back their expectations for a more aggressive policy tightening by the Fed.

 

AUD/USD
The Aussie dollar firmed at $0.7446 following the Reserve Bank of New Zealand hiked its interest rate to 1.5%, its biggest rate hike in 22 years.

 

USD/CAD
The Loonie strengthened to 1.2626 against the greenback following a sharp rebound in the oil prices, investors await monetary policy announcement by the BOC later today.

 

USD/ZAR
South African rand darted higher to 14.49 per U.S dollar boosted by strong commodity prices and confidence in the local economy.

 

USD/MUR
The dollar-rupee shot up by 10 cents to 43.70(Selling) on the back of U.S dollar strength.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - CPI (YoY)(Mar)

18:00 - CAD - BoC interest rate Decision

18:00 - CAD - BoC Monetary Policy Report 

18:30 - USD - Crude Oil Inventories

19:00 - CAD - BoC Press Conference

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.50%
17-Mar-2022
-
European Central Bank
0.00%
10-Mar-2016
-
Bank of England
0.75%
17-Mar-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
R3
1.0963
1.3099
126.84
16.38
R2
1.0933
1.3077
126.30
15.76
R1
1.0880
1.3039
125.85
15.59
PP
1.0850
1.3017
125.31
15.21
S1
1.0797
1.2979
124.86
14.84
S2
1.0767
1.2957
124.32
14.34
S3
1.0714
1.2919
123.87
14.02
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
Weekly Market Update by Reshma Peerun Rajwani
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.