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Treasury

Daily Market Patrol

Market Patrol 5th December 2022

The only time you fail is when you fall down and stay down.

Stephen Richards
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 Single currency ticked higher around $1.0580 ahead of key retail sales data
Fundamental News

EUR/USD
The Single currency ticked higher around $1.0580 amidst cheery market mood whilst investors are foreseeing an improvement in the Eurozone Retail Sales data.

 

GBP/USD
The Cable kept its upward tendency to $ 1.2328 as risk-on mood persists while food inflation in the United Kingdom surged to a 45-year high.

 

USD/JPY
The Japanese yen fell to 135 following better than expected NFP numbers in the US while market awaits US PMI services today.

 

AUD/USD
The Aussie dollar climbed to $0.6820 as easing curbs in China buoys risk sentiment ahead of RBA rate decision tomorrow.

 

USD/CAD
The Canadian dollar gained traction to $134.11 against the US dollar as market participants are expecting a 50 basis points rate increase this Wednesday.

 

USD/ZAR
South African rand remained on the edge at 17.29 as the ANC failed to reach a conclusion over whether President Ramaphosa should stay in power.

 

USD/MUR
The dollar-rupee remained unchanged at 44.10 (Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - S&P Global Services PMI(Nov) 

13:30 - GBP - S&P Global/CIPS composite PMI (Nov)

14:00 - EUR - Retail Sales (MoM)(Oct) 

17:30 - CAD - Building Permits (MoM)(Oct) 

19:00 - USD - ISM Services PMI(Nov) 

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
1.0715
1.2634
140.14
18.60
R2
1.0624
1.2472
139.12
17.95
R1
1.0575
1.2364
137.24
17.64
PP
1.0484
1.2202
136.22
17.19
S1
1.0435
1.2094
134.34
17.09
S2
1.0344
1.1932
133.32
16.10
S3
1.0295
1.1824
131.44
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.