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Treasury

Daily Market Patrol

Market Patrol 14th December 2022

"I believe in analysis and not forecasting."

Nicolas Darvas
Indicative Selling Rates
against MUR
USD
09 May 2024
  • AUD
  • 31.05
  • 0.6647
  • BWP
  • 3.47
  • 0.0744
  • CAD
  • 34.33
  • 1.3609
  • CNY
  • 6.56
  • 7.1247
  • DKK
  • 6.83
  • 6.8365
  • EUR
  • 50.47
  • 1.0803
  • HKD
  • 6.07
  • 7.6997
  • INR
  • 0.57
  • 82.1296
  • JPY
  • 30.38
  • 153.7973
  • KES
  • 36.16
  • 129.1888
  • NZD
  • 28.32
  • 0.6062
  • NOK
  • 4.38
  • 10.6720
  • SGD
  • 34.84
  • 1.3410
  • ZAR
  • 2.60
  • 17.9932
  • SEK
  • 4.34
  • 10.7544
  • CHF
  • 51.77
  • 1.1080
  • GBP
  • 58.68
  • 1.2560
  • USD
  • 46.72
  • 1.0000
  • AED
  • 12.92
  • 3.6159
The Greenback tumbled across the board on softer-than-expected U.S. inflation data, FOMC meeting eyed for later today.
Fundamental News

EUR/USD
The Shared currency spiked to $1.0637 after data showed U.S. consumer price inflation rose less than expected last month, reinforcing expectations that the Federal Reserve will slow the rate increases after its two-day meeting on Wednesday.

 

GBP/USD
The Cable sailed higher to $1.2365 following the U.K.'s employment data and ahead of U.K.'s inflation figures.

 

USD/JPY
The Japanese yen soared to 135.47, although local data showed that sentiment among major manufacturers worsened during the fourth quarter.

 

AUD/USD
The Aussie dollar climbed to $0.6840 following the Reserve Bank of Australia Governor Lowe's optimism on cross-border payments and economic growth.

 

USD/CAD
The Canadian Dollar rose to 1.3558 against the greenback despite downbeat prices of WTI Crude oil and mixed demand forecasts from OPEC.

 

USD/ZAR
South African rand trimmed losses to 17.26 per U.S. dollar after the ruling African National Congress stopped an impeachment process from being launched against President Cyril Ramaphosa, as most of its lawmakers followed party instructions to vote against a probe report on him.

 

USD/MUR
The dollar-rupee stayed put at 44.10(selling) despite the greenback's weakness across the board.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - CPI (YoY)(Nov)

23:00 - USD - FED interest rate decision

23:30 - USD - FOMC Press conference

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
1.0841
1.2652
140.78
18.60
R2
1.0758
1.2548
139.38
17.95
R1
1.0695
1.2457
137.48
17.64
PP
1.0612
1.2353
136.08
17.19
S1
1.0549
1.2262
134.18
17.09
S2
1.0466
1.2158
132.78
16.10
S3
1.0403
1.2067
130.88
15.12
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.