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Treasury

Daily Market Patrol

Market Patrol 10th October 2022

Risk comes from not knowing what you’re doing

Warren Buffett
Indicative Selling Rates
against MUR
USD
18 Apr 2024
  • AUD
  • 30.55
  • 0.6504
  • BWP
  • 3.46
  • 0.0738
  • CAD
  • 34.43
  • 1.3642
  • CNY
  • 6.58
  • 7.1369
  • DKK
  • 6.82
  • 6.8835
  • EUR
  • 50.41
  • 1.0732
  • HKD
  • 6.09
  • 7.7142
  • INR
  • 0.57
  • 82.2069
  • JPY
  • 30.79
  • 152.5363
  • KES
  • 36.08
  • 130.1709
  • NZD
  • 28.05
  • 0.5972
  • NOK
  • 4.37
  • 10.7550
  • SGD
  • 34.90
  • 1.3459
  • ZAR
  • 2.55
  • 18.3894
  • SEK
  • 4.36
  • 10.7728
  • CHF
  • 51.95
  • 1.1061
  • GBP
  • 58.86
  • 1.2531
  • USD
  • 46.97
  • 1.0000
  • AED
  • 12.99
  • 3.6158
The euro extended its downfall versus the greenback after positive U.S jobs data on Friday.
Fundamental News

EURUSD
The Shared currency lost ground to $0.9724 as data on Friday showed that the U.S. labour market remained robust, giving the Federal Reserve enough space to keep hiking rates sharply.

 

GBPUSD
The Cable remained pressured to $ 1.1081 as U.K. government ministers implored Conservative colleagues to rally behind Prime Minister Liz Truss after a disastrous start to her premiership that has left the governing party demoralized and divided.

 

AUDUSD
The Australian dollar plumbed to a new 2-1/2-year low of $0.6330, undermined by an unfavourable rate disparity as the Reserve Bank of Australia backed away from tackling inflation compared to other major central banks.

 

USDJPY
The Japanese yen remained on the back foot at 145.40 against the U.S dollar on the back of the closed market in Japan.

 

USDCAD
The Canadian Dollar dropped slightly to 1.3742 against the greenback as upbeat U.S. employment shadowed Canada's positive data last Friday.

 

USDZAR
South Africa's rand slipped to 18.18 as the dollar strengthened after a stronger-than-expected U.S. jobs report suggested the Federal Reserve will likely stick to its aggressive tightening policy for now.

 

USDMUR
The dollar-rupee gained 5 cents to 44.90(Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

Holidays

Japan - National Sports Day

Canada - Thanksgiving Day 

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
2.60%
04-Oct-2022
-
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
0.9888
1.1362
146.37
18.30
R2
0.9852
1.1294
145.90
17.13
R1
0.9797
1.1193
145.65
16.98
PP
0.9761
1.1125
145.18
15.74
S1
0.9706
1.1024
144.93
15.14
S2
0.9670
1.0956
144.46
14.41
S3
0.9615
1.0855
144.21
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.