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Treasury

Daily Market Patrol

Market Patrol 11th October 2022

It is not the strongest or the most intelligent who will survive but those who can best manage change.

Charles Darwin
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
USDMUR dived by 65 cents post Bank of Mauritius intervention.
Fundamental News

EURUSD
The Shared currency fell to $0.9695 following Fed Vice Chair Brainard's hawkish commentary, saying that tight monetary policy conditions will persist even after the Fed stops hiking rates and that the bank will keep raising rates in the near term.

 

GBPUSD
The Cable remained pinned at $1.1027 despite upbeat U.K. employment data. Investors await BOE's Governor's speech for cues on the coming monetary policy.

 

AUDUSD
The Australian dollar dropped to $0.6268 as Australian consumer sentiment worsened in early October amid an increased cost of living, laggard wage growth, and rising interest rates.

 

USDCAD
The Canadian Dollar lost further to 1.3832 against the greenback as markets ignored higher oil prices in favour of safe-haven bets from geopolitical worries.

 

USDJPY
The Japanese yen sidelined at 143.73 per U.S. dollar as traders turned cautious around the level that previously pushed the Bank of Japan towards market intervention.

 

USDZAR
The South African rand remained on the slippery ground near 18.12 versus the U.S. dollar on worries about the impact of more power cuts in South Africa.

 

USDMUR
The dollar-rupee dived by 65 cents to 44.25(Selling) post-Bank of Mauritius intervention this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

22:35 - GBP - BoE Gov Bailey Speaks

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
0.9826
1.1251
146.64
18.30
R2
0.9793
1.1197
146.22
17.13
R1
0.9748
1.1127
145.97
16.98
PP
0.9715
1.1073
145.55
15.74
S1
0.9670
1.1003
145.30
15.14
S2
0.9637
1.0949
144.80
14.41
S3
0.9592
1.0879
144.63
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.