Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 18th November 2022

“Every battle is won or lost before it’s ever fought”

Sun Tzu
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
Japan's core consumer inflation accelerated to a 40-year high in October, BoJ sticks to a policy of ultra-low interest rates.
Fundamental News

EUR/USD
The Shared currency dropped to $1.0364 on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal Reserve officials.

 

GBP/USD
The Cable lost ground to $1.1894 after UK finance minister Jeremy Hunt outlined tax increases and tighter public spending, which are expected to lengthen the UK recession in 2023.

 

USD/JPY
The Japanese yen tumbled to 139.85 against the US dollar as Japan's core consumer inflation accelerated to a 40-year high in October, driven by currency weakness and imported cost pressures that the central bank shrugged off as it sticks to a policy of ultra-low interest rates.

 

AUD/USD
The Aussie found some support at $0.6705 on expectations that the Reserve Bank of Australia would hike again in December following upbeat data on jobs and wages this week.

 

USD/CAD
The Canadian dollar recovered from the previous day's losses to 1.3320 despite a drop in crude oil prices.

 

USD/ZAR
The South African rand slipped against a stronger dollar TO 17.36, as investors bet on a relatively hawkish Federal Reserve and worries about rising COVID-19 cases in China persisted.

 

USD/MUR
The dollar-rupee is unchanged at 44.15 (Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Retail Sales (MoM)(Oct)

19:00 - USD - Existing Home Sales (Oct)

 

 

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
1.0513
1.2156
142.87
18.60
R2
1.0460
1.2057
141.81
17.95
R1
1.0412
1.1961
141.01
17.64
PP
1.0359
1.1862
139.95
17.19
S1
1.0311
1.1766
139.15
17.09
S2
1.0258
1.1667
138.09
16.10
S3
1.0210
1.1571
137.29
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.