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Treasury

Daily Market Patrol

Market Patrol 26th October 2022

“An investment in knowledge pays the best interest.”

Benjamin Franklin
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
The Canadian Dollar on firm footing ahead of Bank of Canada Interest rate decision
Fundamental News

EURUSD
The shared currency edged up near parity versus the greenback as the odds of a more significant rate hike by the European Central Bank on Thursday have strengthened.

 

GBPUSD
The cable extended gains to $1.1450, cheered by the forthcoming hopeful fiscal plans of the newly appointed Prime Minister, who pledged to lead the country out of an economic crisis.

 

USDJPY
The  Japanese Yen witnessed a fresh demand at 147.80  after softer US macro data released on Tuesday pointed to signs of a slowdown in the world's largest economy and might force the Federal Reserve to trim its hawkish stance.

 

AUDUSD
The Australian dollar refreshed weekly highs at $0.6412 after inflation data surprised on the upside, with the headline consumer price index jumping to 7.3% in Q3, beating the 7% market forecast. 

 

USDCAD
The Canadian Dollar gained to 1.3600 against the greenback, tracking risk-on mood, while markets await the Bank Of Canada interest rate decision later today.

 

USDZAR
The rand climbed to 18.17 as the US dollar retreated on weaker US economic data. Markets await the South African mid-term budget today.

 

USDMUR

The dollar-rupee remained unchanged at  44.25 (Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

18:00 - USD - New Home Sales (MoM)(Sep) 

18:00 - CAD -BoC Interest Rate Decision 

 

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
0.9928
1.1492
151.17
18.30
R2
0.9887
1.1414
151.73
17.13
R1
0.9838
1.1327
150.44
16.98
PP
0.9797
1.1249
150.00
15.74
S1
0.9748
1.1162
149.71
15.14
S2
0.9707
1.1084
149.27
14.41
S3
0.9658
1.0997
148.98
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.