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Treasury

Daily Market Patrol

Market Patrol 16th November 2022

Delete the negative; accentuate the positive!

Donna Karan
Indicative Selling Rates
against MUR
USD
24 Apr 2024
  • AUD
  • 30.84
  • 0.6580
  • BWP
  • 3.43
  • 0.0732
  • CAD
  • 34.58
  • 1.3552
  • CNY
  • 6.56
  • 7.1461
  • DKK
  • 6.83
  • 6.8651
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.07
  • 7.7178
  • INR
  • 0.57
  • 81.9769
  • JPY
  • 30.62
  • 153.0506
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.11
  • 0.5997
  • NOK
  • 4.40
  • 10.6625
  • SGD
  • 34.83
  • 1.3457
  • ZAR
  • 2.54
  • 18.4847
  • SEK
  • 4.40
  • 10.6565
  • CHF
  • 51.73
  • 1.1037
  • GBP
  • 58.66
  • 1.2515
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6156
The South African rand was flat at 17.31 in early trade on Wednesday, as investors stayed to the sidelines ahead of domestic retail sales figures expected later in the day.
Fundamental News

EUR/USD
The Single Currency retreated from a high of $1.0488 to trade at $ 1.0380 against the dollar as news regarding Russian missiles hitting Polish territory spurred some risk-off, therefore outdoing the positive fallout of yesterday's better-than-expected ZEW Economic Sentiment Index figures.

 

GBP/USD
The Cable fell to $ 1.1880 amid broad dollar strength but remained strong for the week ahead UK inflation data due today.

 

USD/JPY
The Japanese yen dwindled around 139.00 as Gross Domestic Product (GDP)for Q3 shrank by 1.2% against a 1.1% growth estimated. Meanwhile investors hid behind safe-appeal greenback to safeguard themselves from sheer volatility.

 

AUD/USD
 The Aussie dollar wobbled around $0.6750 cheered by headlines surrounding IMF’s support of further policy tightening by RBA.

 

USD/CAD
The Canadian dollar rose to an eight-week high against its U.S. counterpart on Tuesday, but gains were capped to 1.3272 as the greenback was supported by geopolitical jitters and investors waiting for a key domestic inflation report.

 

USD/ZAR

The South African rand was flat at 17.31 in early trade on Wednesday, as investors stayed to the sidelines ahead of domestic retail sales figures expected later in the day.

 

USD/MUR
The dollar-rupee dropped to 44.15 (Selling) on Central bank Intervention

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - CPI /Retail sales

13:00 - EU Financial Stability Review 

17:15 - CAD - Housing Starts s.a (YoY)(Oct) 

17:30 - USD - Retail sales

17:30 - CAD - Consumer Price Index (MoM)(Oct) 

19:00 - EUR - ECB's President Lagarde speech 

 

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
1.0594
1.2223
151.34
18.30
R2
1.0408
1.1978
148.97
17.13
R1
1.0308
1.1845
144.96
16.98
PP
1.0122
1.1600
142.59
15.74
S1
1.0022
1.1467
138.58
15.14
S2
0.9836
1.1222
136.21
14.41
S3
0.9736
1.1089
132.20
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.