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Treasury

Daily Market Patrol

Market Patrol 10th February 2023

"There is nothing impossible to they who will try."

Alexander the Great
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
The South African Rand trembled on President's "State of Disaster" outlook
Fundamental News

EURUSD

The Single currency dipped to $1.0720 on the back of poorer than expected German Consumer Prices data published yesterday. 

GBPUSD

The Cable retraced to $1.2095, ending a three-days winning streak from yesterday's high of $1.2190, as the policy members from the Bank of England failed to convince the market of their hawkish bias. 

USDJPY

The Japanese Yen remained depressed at 131.70 against the greenback as current Bank of Japan's governor, Haruhiko Kuroda, stated this morning that "the benefits of easing outweigh the costs of side effects".

AUDUSD

The Australian Dollar inched lower to exchange at $0.6920 in line with disappointing Chinese CPI figures released this morning. 

USDCAD

The Loonie slid to 1.3455 against the greenback ahead of the Canadian Unemployment figures expected this afternoon.

USDZAR

The South African Rand steadied at 17.76 against the US dollar following a volatile day marking the president's speech, on which he declared a "state of disaster" regarding the energy crisis in the country. 

USDMUR

The U.S. dollar grinded to 45.90(selling) against the greenback. 

Fundamental & Technical Data
Economic Indicators-Local Time

16:00 GBP NIESR GDP Estimate

17:30 CAD Net Change in Employment

17:30 CAD Unemployment Rate

18:00 EUR ECD's Schnabel speech

21:30 USD Fed's Waller speech

23:00 USD Monthly Budget Statement

 

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
R3
1.0864
1.2326
133.61
18.76
R2
1.0827
1.2260
132.72
18.26
R1
1.0783
1.2189
132.12
17.66
PP
1.0746
1.2123
131.23
16.68
S1
1.0702
1.2052
130.63
16.50
S2
1.0665
1.1986
129.74
16.00
S3
1.0621
1.1915
129.14
15.32
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.