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Daily Market Patrol

Market Patrol 9th November 2022

“Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt.”

Paul Tudor Jones
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 Greenback slid amid U.S midterm elections in focus
Fundamental News

EUR/USD
The Shared currency surged to $1.0070 after a steady climb in German bond yields weakened the U.S. dollar on expectations of further European Central Bank tightening.

 

GBP/USD
The Cable rose to $1.1540 on speculations surrounding the U.K.'s new fiscal plan, up for publishing in the next week.

 

USD/JPY
The Japanese yen sailed higher to 145.77 against the U.S. dollar, taking support from more weakness in the dollar as markets awaited the results of the hotly contested U.S. midterm elections.

 

AUD/USD
The Aussie dollar wobbled near $0.6500 amid mixed Chinese inflation data and covid woes.

 

USD/CAD
The Canadian dollar climbed to 1.3445 against the greenback, ignited by risk-on market mood from bets on the Federal Reserve easing back on interest rate rises.

 

USD/ZAR
South Africa's rand edged slightly higher at 17.72 as the U.S. dollar weakened for a third straight session on global markets.

 

USD/MUR
The dollar-rupee unchanged at 44.25 (Selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

19:30 - USD - Crude Oil Inventories

 

 

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
1.0245
1.1790
148.27
18.30
R2
1.0170
1.1694
147.60
17.13
R1
1.0122
1.1621
146.64
16.98
PP
1.0047
1.1525
145.97
15.74
S1
0.9999
1.1452
145.01
15.14
S2
0.9924
1.1356
144.34
14.41
S3
0.9876
1.1283
143.38
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.