Market Patrol 10th April 2023

"Easter is meant to be a symbol of hope, renewal, and new life."

Janine di Giovanni

Indicative Selling Rates
against MUR
USD

09 May 2024

AUD
31.05
0.6647

BWP
3.47
0.0744

CAD
34.33
1.3609

CNY
6.56
7.1247

DKK
6.83
6.8365

EUR
50.47
1.0803

HKD
6.07
7.6997

INR
0.57
82.1296

JPY
30.38
153.7973

KES
36.16
129.1888

NZD
28.32
0.6062

NOK
4.38
10.6720

SGD
34.84
1.3410

ZAR
2.60
17.9932

SEK
4.34
10.7544

CHF
51.77
1.1080

GBP
58.68
1.2560

USD
46.72
1.0000

AED
12.92
3.6159

Aussie dribbled on Chinese military drill near Taiwan Strait.

Fundamental News

EUR/USD
The Single currency continued to trade sideways at $1.0900 as markets in Europe remain closed for Easter.

GBP/USD
The Cable under pressure at $1.2400 as U.S. Unemployment Rate figures came out better than expected last Friday, adding renewed bets on a Federal Reserve's rate hike.

USD/JPY
The Japanese Yen collapsed to 132.70 against the greenback as Bank of Japan welcomed new governor Kazuo Ueda, who will likely to hold a press conference on his first day later today.

AUD/USD
The Aussie plummeted to $0.6650 on risk-aversion triggered by China's military drills near the Taiwan strait following president Tsai Ing-wen visit to the U.S.

USD/CAD
The Canadian dollar lost further ground at 1.3510 against the greenback despite an uptick in WTI prices this morning.

USD/ZAR
The South African Rand was little moved at 18.27 against the U.S. Dollar as no major economic data is expected for the day.

USD/MUR
The dollar-rupee unchanged at 45.70(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

01-Jan-0001

European Central Bank

2.50%

02-Feb-2023

16-Mar-2023

Bank of England

4.0%

02-Feb-2023

23-Mar-2023

Bank of Japan

-0.10%

01-Jan-0001

18-Jan-2023

Reserve Bank of Australia

3.10%

01-Jan-0001

07-Feb-2023

S.Africa Reserve Bank

01-Jan-0001

Reserve Bank of India

6.25%

01-Jan-0001

08-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

1.0982

1.2518

133.35

20.82

1.0955

1.2487

132.86

19.24

1.0930

1.2452

132.51

18.75

1.0903

1.2421

132.02

17.04

1.0878

1.2386

131.67

16.55

1.0851

1.2355

131.18

16.06

1.0826

1.2320

130.83

15.36

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

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Head - Forex And Derivatives

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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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