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Treasury

Daily Market Patrol

Market Patrol 10th November 2022

“Risk comes from not knowing what you’re doing.”

Warren Buffett
Indicative Selling Rates
against MUR
USD
26 Apr 2024
  • AUD
  • 30.81
  • 0.6583
  • BWP
  • 3.44
  • 0.0736
  • CAD
  • 34.56
  • 1.3545
  • CNY
  • 6.55
  • 7.1468
  • DKK
  • 6.83
  • 6.8533
  • EUR
  • 50.43
  • 1.0774
  • HKD
  • 6.07
  • 7.7145
  • INR
  • 0.57
  • 82.0087
  • JPY
  • 30.36
  • 154.1916
  • KES
  • 35.30
  • 132.5951
  • NZD
  • 28.14
  • 0.6011
  • NOK
  • 4.36
  • 10.7396
  • SGD
  • 34.76
  • 1.3465
  • ZAR
  • 2.54
  • 18.4356
  • SEK
  • 4.36
  • 10.7346
  • CHF
  • 51.60
  • 1.1024
  • GBP
  • 58.79
  • 1.2560
  • USD
  • 46.81
  • 1.0000
  • AED
  • 12.95
  • 3.6161
The USD/MUR took a breather after massive BOM's intervention yesterday, U.S CPI data eyed.
Fundamental News

EUR/USD
The Shared currency lost ground to $1.0036 as the focus turned to upcoming CPI inflation data that is widely expected to set the tone for U.S. monetary policy in the near term.

 

GBP/USD
The Cable slipped to $1.1408 as the market is looking ahead to British finance minister Jeremy Hunt's planned fiscal statement on Nov. 17, with indications there will be a squeeze on public spending and potentially higher taxes.

 

USD/JPY
The Japanese yen faded to 146 against the U.S. dollar on the rise in U.S. bond yields as the focus turned to the US CPI today.

 

AUD/USD
The Aussie dollar lost momentum to $0.6422 on dovish remarks from RBA Deputy Governor Michele Bullock.

 

USD/CAD
The Canadian dollar dropped to 1.3530 against the greenback on sluggish oil prices and ahead of a speech from the Bank of Canada Governor Tiff Macklem.

 

USD/ZAR
The South African rand struggled at 17.76 against a broader USD strength as risk sentiment deteriorated in the market.

 

USD/MUR
The dollar-rupee wobbled at 44.25 (Selling) after the Bank of Mauritius intervened on Wednesday to inject USD 100 million into the foreign exchange domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - CPI (MoM)(Oct)

17:30 - USD - Core CPI (MoM)(Oct)

17:30 - USD - Initial Jobless claims

 

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
1.0165
1.1738
148.69
18.30
R2
1.0126
1.1653
147.74
17.13
R1
1.0070
1.1505
147.074
16.98
PP
1.0031
1.1420
146.12
15.74
S1
0.9975
1.1272
145.45
15.14
S2
0.9936
1.1187
144.50
14.41
S3
0.9880
1.1039
143.83
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.