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Treasury

Daily Market Patrol

Market Patrol 23rd November 2022

Risk comes from not knowing what you’re doing

Warren Buffett
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 greenback lost ground ahead of minutes from the Federal Reserve's latest policy meeting
Fundamental News

EUR/USD
The Shared currency modestly gained $1.0328 as investors tempered their risk appetites ahead of the release of minutes of the Federal Reserve's policy meeting that could offer clues on the outlook for inflation and interest rates.

 

GBP/USD
The Cable rose steadily to $1.1891 on a weaker U.S. dollar and ahead of a pool of economic data in the U.K. later today.

 

USD/JPY
The Japanese yen shot up to 141.30 against the U.S. dollar due to a fall in US Treasury bond yields and market focus turns on US Durable Goods and jobless claim figures today.

 

AUD/USD
The Aussie dollar ticked up $0.6640 as China's major cities introduced more curbs to contain a record-high rise in new infections. Markets fear that the measures are bound to cause more disruptions in business activity, pressuring China’s economy.

 

USD/CAD
The Canadian dollar strengthened against its U.S. counterpart to 1.3390 as preliminary domestic data showed retail sales climbing.

 

USD/ZAR
The South African rand sailed higher to 17.25 as the dollar retreated amid investor demand for riskier assets.

 

USD/MUR
The dollar-rupee idled at 44.20 (Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - EUR - German Manufacturing PMI(Nov)

13:30 - USD - Manufacturing PMI

13:30 - GBP - Services PMI

13:30 - GBP - Composite PMI

17:30 - USD - Initial Jobless Claims

23:00 - USD - FOMC Meeting Minutes 

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
1.0397
1.2004
143.09
18.60
R2
1.0352
1.1954
142.67
17.95
R1
1.0328
1.1919
141.94
17.64
PP
1.0283
1.1869
141.52
17.19
S1
1.0259
1.1834
140.79
17.09
S2
1.0214
1.1784
140.37
16.10
S3
1.0190
1.1749
139.64
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.