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Daily Market Patrol

Market Patrol 31st October 2022

Yesterday’s home runs don’t win today’s games

Babe Ruth
Indicative Selling Rates
against MUR
USD
19 Apr 2024
  • AUD
  • 30.42
  • 0.6459
  • BWP
  • 3.47
  • 0.0737
  • CAD
  • 34.46
  • 1.3664
  • CNY
  • 6.60
  • 7.1402
  • DKK
  • 6.82
  • 6.9093
  • EUR
  • 50.34
  • 1.0691
  • HKD
  • 6.10
  • 7.7148
  • INR
  • 0.57
  • 82.1874
  • JPY
  • 30.85
  • 152.6385
  • KES
  • 35.97
  • 130.9049
  • NZD
  • 27.96
  • 0.5937
  • NOK
  • 4.35
  • 10.8251
  • SGD
  • 34.91
  • 1.3490
  • ZAR
  • 2.53
  • 18.6446
  • SEK
  • 4.35
  • 10.8361
  • CHF
  • 52.18
  • 1.1081
  • GBP
  • 58.79
  • 1.2484
  • USD
  • 47.09
  • 1.0000
  • AED
  • 13.02
  • 3.6162
The Shared currency out of gas, ahead of a pool of economic data and monetary policy decisions from central banks for the week.
Fundamental News

EUR/USD
The Shared currency edged lower to $0.9947 ahead of the key eurozone inflation and the Federal Open Market Committee meeting announcements on Wednesday.

 

GBP/USD
The British pound held at recent highs near $1.1600 on newfound UK political stability and elevated Bank of England rate expectations on Thursday, Nov. 3, to counteract rising U.K. inflation.

 

USD/JPY
The Japanese yen resumed its downfall to 147.88 per U.S dollar after the Bank of Japan continued to buck the trend among other major central banks and stuck with ultra-low interest rates.

 

AUD/USD
The Australian dollar eased to $0.6470 following a sharp drop in commodity prices such as iron ore prices, investors’ eyes on the Reserve Bank of Australia's monetary policy meeting due early tomorrow.

 

USD/CAD
The Canadian Dollar lost ground to $1.3618 versus the greenback as geopolitical fears underpinned oil prices.

 

USD/ZAR
The South African rand tumbled to 18.22 against the U.S dollar as investors worldwide scurry towards safe-haven assets, with an appetite for riskier assets sapped by global economic uncertainty.

 

USD/MUR
The dollar-rupee idled at 44.25 (Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - CPI (YoY)(Oct)

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
3.25
21-Sep-2022
-
European Central Bank
2.00%
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
31-Oct-2022
S.Africa Reserve Bank
01-Jan-0001
-
Reserve Bank of India
5.90%
01-Jan-0001
07-Dec-2022
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
1.0072
1.1778
150.10
18.30
R2
1.0035
1.1701
148.98
17.13
R1
1.0001
1.1658
148.23
16.98
PP
0.9964
1.1581
147.11
15.74
S1
0.9930
1.1538
146.36
15.14
S2
0.9893
1.1461
145.24
14.41
S3
0.9859
1.1418
144.49
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.