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Treasury

Daily Market Patrol

Market Patrol 6th December 2022

“Anyone who has ever made anything of importance was disciplined.”

Andrew Hendrixson
Indicative Selling Rates
against MUR
USD
06 Dec 2022
  • AUD
  • 29.93
  • 0.6786
  • BWP
  • 3.47
  • 0.0787
  • CAD
  • 32.75
  • 1.3466
  • CNY
  • 6.41
  • 6.8808
  • DKK
  • 6.32
  • 6.9755
  • EUR
  • 46.48
  • 1.0540
  • HKD
  • 5.76
  • 7.6517
  • INR
  • 0.55
  • 80.9163
  • JPY
  • 32.56
  • 135.4383
  • KES
  • 36.47
  • 120.9192
  • NZD
  • 28.17
  • 0.6389
  • NOK
  • 4.53
  • 9.7377
  • SGD
  • 32.88
  • 1.3414
  • ZAR
  • 2.61
  • 16.8784
  • SEK
  • 4.30
  • 10.2645
  • CHF
  • 47.12
  • 1.0684
  • GBP
  • 54.03
  • 1.2251
  • USD
  • 44.10
  • 1.0000
  • AED
  • 12.21
  • 3.6125
The Single currency retreated to $1.0480 against the US dollar as Eurozone Retail Sales dropped
Fundamental News

EUR/USD
The Single currency retreated to $1.0480 against the US dollar as Eurozone Retail Sales dropped together with Germany's S&P Global Composite PMI.

 

GBP/USD
The Cable fell to $1.2182 amid negative market sentiment on expectation that upbeat consumer spending data might cement higher inflation expectations in the near term and might create more troubles for the Bank of England. 

 

USD/JPY
The Japanese yen retraced to 137.19 against the US dollar as upbeat US Economic Data raised expectations for continuous Fed aggressive policy tightening.

 

AUD/USD
The Aussie dollar regained traction after two days fall as Reserve Bank of Australia matched market forecasts of announcing 25 basis points (bps) of a rate hike and flags more interest rate hikes. 

 

USD/CAD
The Canadian dollar lost ground against the greenback as oil prices slide while market participants expect a relaxed oil price cap.

 

USD/ZAR
South African rand fell to 17.46 as market remain volatile after investors were on tenterhooks over developments surrounding the president.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

13:30 - GBP - S&P Global Construction PMI(Nov) 

17:30 - USD - Goods and Services Trade Balance (Oct) 

19:00 - CAD - Ivey Purchasing Managers Index

 

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
Weekly Market Update by Reshma Rajwani Peerun on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.