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Treasury

Daily Market Patrol

Market Patrol 7th October 2022

The biggest risk is not taking a risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks

Mark Zuckerberg
Indicative Selling Rates
against MUR
USD
16 Apr 2024
  • AUD
  • 30.59
  • 0.6481
  • BWP
  • 3.48
  • 0.0737
  • CAD
  • 34.48
  • 1.3688
  • CNY
  • 6.61
  • 7.1388
  • DKK
  • 6.81
  • 6.9264
  • EUR
  • 50.34
  • 1.0666
  • HKD
  • 6.12
  • 7.7125
  • INR
  • 0.57
  • 82.2137
  • JPY
  • 30.94
  • 152.5741
  • KES
  • 36.67
  • 128.7205
  • NZD
  • 28.01
  • 0.5934
  • NOK
  • 4.40
  • 10.7360
  • SGD
  • 34.89
  • 1.3527
  • ZAR
  • 2.56
  • 18.4391
  • SEK
  • 4.39
  • 10.7602
  • CHF
  • 52.03
  • 1.1023
  • GBP
  • 58.96
  • 1.2491
  • USD
  • 47.20
  • 1.0000
  • AED
  • 13.05
  • 3.6156
The Shared currency hammered post ECB minutes, U.S Non Farm Payroll due later today
Fundamental News

EURUSD
The Shared currency hammered to $0.9803 after the release of European Central Bank minutes from last month's meeting that showed policymakers were worried that inflation could get stuck at exceptionally high levels.

 

GBPUSD
The Cable dived to $1.1168 as investors bet on another strong U.S. non-farm payrolls report that should keep the Federal Reserve on an aggressive tightening path for some time.

 

AUDUSD
The Australian dollar plummeted to $0.6414, still struggling after an unexpectedly modest 25 bp hike in Australia.

 

USDCAD
The Loonie failed to provide impetus to 1.3740 against the U.S dollar despite a hawkish the Bank of Canada Governor Tiff Macklem cited no slowdown in the pace of hiking interest rates as signs of inflationary easing are unavailable.

 

USDJPY
The Japanese yen slipped to 145.00 versus the greenback after data revealed local household spending declined in August, pointing to more pain for the world’s third-largest economy in the coming month.

 

USDZAR
The South African rand weakened as the dollar to 18.00 while the market awaits the U.S. jobs data today to provide clues on the Federal Reserve's interest rate trajectory.

 

USDMUR
The dollar-rupee crawled by 5cents to 44.85(Selling), tracking the U.S dollar strength.

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - EU Leaders Summit

16:30 - USD - Nonfarm Payroll (Sep)

16:30 - USD - Unemployment Rate (Sep)

16:30 - CAD - Employment change (Sep)

16:30 - CAD - Unemployment change (Sep)

 

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
1.0021
1.1592
146.14
18.20
R2
0.9973
1.1488
145.64
17.13
R1
0.9883
1.1323
145.39
16.98
PP
0.9835
1.1219
144.89
15.74
S1
0.9745
1.1054
144.64
15.14
S2
0.9697
1.0950
144.14
14.41
S3
0.9607
1.0785
143.89
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
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.