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Treasury

Daily Market Patrol

Market Patrol 10th March 2023

"Perseverance is not a long race; it is many short races one after the other.

Walter Elliot
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 Japanese Yen unchanged on Bank of Japan's status-quo.
Fundamental News

EURUSD

The Single Currency timidly progressed to $1.06  ahead of the key U.S. employment report for February and a speech from European Central Bank President Christine Lagarde.

GBPUSD

The Cable jumped to $1.1930 on softer U.S. Jobless Claims figures and a slew of take profit moves. 

USDJPY

The Japanese Yen oscillated at 136.65, as the departing Bank of Japan's governor, Haruhiko Kuroda, kept interest rates unchanged.

AUDUSD

The Australian Dollar slipped to $0.6590 in tandem with Asia's equity market's rout as incoming sluggish Chinese macro data added to worries about a deeper global economic downturn.  

USDCAD

The Loonie slid to 1.3835 against the greenback reflecting weaker oil prices, Canada's main export. 

USDZAR

The South African Rand recovered to 18.50 against the U.S. Dollar after being hit by an S&P Global downgrade late Wednesday from "positive" to "stable."

USDMUR

The U.S. dollar idled at 47.30(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 GBP UK Gross Domestic Product 

11:00 GBP UK Industrial Production

11:00 GBP UK Manufacturing Production 

11:00 EUR German CPI

13:00 EUR ECB's Panetta Speech 

16:00 GBP UK NIESR GDP Estimate

17:30 USD US Non Farm Payroll

17:30 USD US Unemployment Rate

17:30 USD US Average Hourly Earnings

17:30 CAD Average Hourly Wages

17:30 CAD Net Change in Employment 

17:30 CAD Unemployment Rate

19:00 EUR ECB'S President Christine Lagarde speech

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
1.0656
1.2071
138.47
20.82
R2
1.0624
1.2005
137.92
19.24
R1
1.0603
1.1964
137.04
18.75
PP
1.0571
1.1898
136.49
17.04
S1
1.0550
1.1857
135.61
16.55
S2
1.0518
1.1791
135.06
16.06
S3
1.0497
1.1750
134.18
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
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.