Market Patrol 29th September 2022

It's important to know what you want to accomplish with your investments before you actually invest

Oscar Auliq-Ice

Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

The greenback retreated across the board on improved risk appetite

Fundamental News

EURUSD
The Shared currency rose to $0.9660 as risk appetite improved following a significant drop in 10-year U.S. Treasury Yields.

GBPUSD
The cable darted higher against the dollar after the BOE announced a bond-buying program worth GBP 65 billion to revive U.K.'s financial stability.

AUDUSD
The Aussie dollar rallied despite the Australian monthly inflation indicator being lower at 6.8%July's reading of 7%.

USDJPY
The Japanese yen rose to 144.44 against the greenback as U.S. yields tumbled overnight and ahead of a slew of economic activity indicators early tomorrow.

USDCAD
The loonie soared to 1.3650 against the greenback, cheered by rising oil prices, gloomy U.S. Pending Home sales and Fed's hawkish eloquence about containing inflation and future rate hikes.

USDZAR
The South African Rand recouped part of its losses against the greenback to 17.99, supported by positive local economic data.

USDMUR
The dollar-rupee ticked down by 5 cents to 44.85(Selling).

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - USD - GDP (QoQ)(Q2)

16:30 - CAD - GDP (YoY)

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

3.25%

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

1.35%

01-Jan-0001

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

1.0028

1.1398

145.65

18.20

0.9889

1.1157

145.26

17.13

0.9814

1.1023

14469

16.98

0.9675

1.0782

144.30

15.74

0.9600

1.0648

143.73

15.14

0.9461

1.0407

143.34

14.41

0.9386

1.0273

142.77

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

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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.

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