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Treasury

Daily Market Patrol

Market Patrol 28th October 2022

If you are positive, you’ll see opportunities instead of obstacles.

Widad Akrawi
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 shared currency reversed its gains to $0.9970 after a resurgence Russia-Ukraine war fears
Fundamental News

EURUSD
The shared currency reversed its gains to $0.9970 after a resurgence Russia-Ukraine war fears weighed on the eurozone economy while the European Central Bank hiked rates by 75 basis points as expected. 

 

GBPUSD
The cable fell to $1.1530 amid new Prime Minister Rishi Sunak's decision to push back their upcoming fiscal statement into November, a complication for investors and the Bank of England (BoE) as they try to judge the inflation outlook.

 

USDJPY
 The Japanese Yen wobbled around 146.35 at the latest, as the Bank of Japan (BOJ) defended its easy money policy in Friday’s meeting stating that the Japan's economy is picking up with inflation expectations heightening

 

AUDUSD
 The Australian dollar dropped to $0.6470 against the greenback following a sharp drop in commodity prices such as iron ore prices.

 

USDCAD
The Canadian Dollar continued to gain traction to 1.3550 against the greenback despite weakness in crude oil prices. Market eyes for US PCE inflation data.

 

USDZAR
The rand South Africa's rand weakened to 18.01 against the dollar in early trade ahead of budget balance data.

 

USDMUR

The dollar-rupee remained unchanged at 44.25 (Selling) 

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - Consumer confidence

16:30 - USD - Core Personal Consumption Expenditures - Price Index (YoY)(Sep) 

16:30 - CAD - Gross Domestic Product (MoM)(Aug) 

 

 

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
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.