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Treasury

Daily Market Patrol

Market Patrol 8th November 2022

Winning doesn’t always mean being first. Winning means you’re doing better than you’ve done before.

Bonnie Blair
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 Shared currency gained to parity against the US dollar on upbeat EU data and hawkish ECB.
Fundamental News

EUR/USD
The Shared currency gained parity against the U.S. dollar as firmer sentiment joined upbeat E.U. data and hawkish comments from the European Central Bank (ECB) ahead of retail sales later during the day.

 

GBP/USD
The cable rebounded firmly towards $1.1500 under renewed optimism about the Brexit arrangement after discussions held at the CP27 climate summit.

 

USD/JPY
The Japanese Yen traded rangebound around 146.80 as investors are turning cautious ahead of the outcome of the U.S. mid-term elections.

 

AUD/USD
The Aussie dollar seesawed around $0.6450 on the market's cautious mood as Australia's Westpac Consumer Confidence eased in November.

 

USD/CAD
The Loonie eased slightly to 1.3520 versus the U.S. dollar as the price of oil, one of Canada's major exports, fell on mixed signals over China potentially relaxing its strict COVID-19 restrictions.

 

USD/ZAR
South Africa's rand gained to 17.75 against the U.S. dollar supported by growing expectations that the South African Reserve Bank (SARB) could announce another big interest rate hike later this month.

 

USD/MUR
The dollar-rupee fell to 44.25 (Selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - EUR - EcoFin Meeting 

12:15 - CHF - SNB's Chairman Jordan speech 

13:00 - GBP - BoE's Pill speech 

14:00 - EUR - Retail Sales (MoM)(Sep) 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4.00%
01-Nov-2022
13-Dec-2022
European Central Bank
2.00%
01-Jan-0001
15-Dec-2022
Bank of England
3.00%
01-Jan-0001
15-Dec-2022
Bank of Japan
-0.10%
28-Jan-2016
20-Dec-2022
Reserve Bank of Australia
2.85%
01-Jan-0001
06-Dec-2022
S.Africa Reserve Bank
01-Jan-0001
-
Reserve Bank of India
5.90%
01-Jan-0001
07-Dec-2022
Bank of Mauritius
4.00%
04-Nov-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
1.0260
1.1687
149.70
18.30
R2
1.0114
1.1534
149.05
17.13
R1
1.0036
1.1455
147.86
16.98
PP
0.9890
1.1302
147.21
15.74
S1
0.9812
1.1223
146.02
15.14
S2
0.9666
1.1070
145.37
14.41
S3
0.9588
1.0991
144.18
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
The Canadian dollar swirled in a roller coaster move, falling to 1.3600 against the U.S. dollar as the Bank of Canada delivered a lower-than-projected rate hike of 50 basis points but later gained to 1.3530 on broad dollar weakness.
Chart posted on 27.10.2022
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.