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Treasury

Daily Market Patrol

Market Patrol 3rd October 2022

I believe in analysis and not forecasting

Indicative Selling Rates
against MUR
USD
20 May 2024
  • AUD
  • 31.29
  • 0.6765
  • BWP
  • 3.48
  • 0.0752
  • CAD
  • 34.28
  • 1.3494
  • CNY
  • 6.49
  • 7.1298
  • DKK
  • 6.85
  • 6.7581
  • EUR
  • 50.57
  • 1.0931
  • HKD
  • 6.02
  • 7.6834
  • INR
  • 0.56
  • 81.9464
  • JPY
  • 30.06
  • 153.9165
  • KES
  • 35.81
  • 129.1711
  • NZD
  • 28.61
  • 0.6185
  • NOK
  • 4.43
  • 10.4478
  • SGD
  • 34.75
  • 1.3311
  • ZAR
  • 2.63
  • 17.5910
  • SEK
  • 4.38
  • 10.5588
  • CHF
  • 51.21
  • 1.1069
  • GBP
  • 59.06
  • 1.2766
  • USD
  • 46.26
  • 1.0000
  • AED
  • 12.80
  • 3.6152
The Pound surged to $1.1233 as UK is expected to reverse cut to higher rate tax
Fundamental News

EURUSD
The Shared currency firmed at $0.9815 despite looming Russia-Ukraine tensions and the deepening European energy crisis, attention shifts to U.S. Manufacturing PMI data due today.

 

GBPUSD
The Cable surged to $1.1233 as the U.K. government is expected to roll back the proposed scrapping of the higher income tax rate that has sparked a backlash in the ruling Conservative Party.

 

AUDUSD
The Australian dollar stood at 0.6425 against the U.S. dollar ahead of Tuesday's RBA policy decision, where the Central Bank is widely expected to hike rates by 50 bps.

 

USDCAD
The Loonie lost ground to 1.3752 against the greenback as OPEC announced a major oil supply cut in response to recession threats.

 

USDJPY
The Japanese yen bulls struggled at 144.87 against the U.S. dollar as confidence among Japan's large manufacturers unexpectedly worsened for three straight quarters following the local currency's rapid depreciation and deterioration in the global economy.

 

USDZAR
South Africa's rand weakened to 18.04 against the dollar on Friday after data showed the country's trade surplus narrowed significantly in August, reflecting a deterioration in global demand conditions and softer prices for key export commodities.

 

USDMUR
The dollar-rupee was unchanged at 44.80(Selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:55 - EUR - German Manufacturing PMI (Sep)

18:00 - USD - ISDM Manufacturing PMI (Sep)

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
18
21-Sep-2022
-
European Central Bank
0.00%
01-Jan-0001
-
Bank of England
2.25%
01-Jan-0001
-
Bank of Japan
-0.10%
28-Jan-2016
-
Reserve Bank of Australia
1.35%
01-Jan-0001
-
S.Africa Reserve Bank
01-Jan-0001
-
Reserve Bank of India
4.00%
22-May-2020
-
Bank of Mauritius
3.00%
28-Sep-2022
-
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
0.9978
1.1468
145.56
18.20
R2
0.9916
1.1351
145.19
17.13
R1
0.9859
1.1260
144.96
16.98
PP
0.9797
1.1143
144.59
15.74
S1
0.9740
1.1052
144.36
15.14
S2
0.9678
1.0935
143.99
14.41
S3
0.9621
1.0844
143.76
13.99
Technical Analysis - Forex Charts
EUR/USD Outlook- looking bleak throughout Q3-Q4 2022
Chart updated on 05.07.2022
USD/MUR Outlook One more leg higher before paring some of its gains in Q3-Q4 2022
Chart posted on 05.07.2022
EUR/MUR- Bears in control in Q3-Q4 2022
Chart posted on 05.07.2022
Chart posted on 01.01.0001
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.