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Treasury

Daily Market Patrol

Market Patrol 13th April 2023

"A good plan violently executed now is better than a perfect plan executed next week."

George S. Patton
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 Single currency put on a stellar rally after softer U.S. inflation data.
Fundamental News

EUR/USD

The Single currency rocketed to $1.0992 yesterday after United States inflation slipped to the lowest level since May 2021, to 5% in March from 6% in February.

 

GBP/USD

The Cable roared to $1.2492 on comments from U.K. Finance Minister Jeremy Hunt that the U.K. economic outlook is looking brighter than expected following the release of February GDP data.

 

USDJPY

The Japanese Yen spiked to 133.27 against the greenback after downbeat U.S inflation data and unimpressive Federal Open Market Committee (FOMC) Minutes on Wednesday drowned the greenback. 

 

AUD/USD

The Aussie catapulted to $0.6709 following a higher-than-expected reading of Australia Employment data displayed this morning. 

 

USD/CAD

The Loonie climbed to 1.3425 versus the greenback after the Bank of Canada left the key interest rate unchanged at 4.50% and pushed back against bets that it would shift to cutting interest rates this year.

 

USD/ZAR

The South African Rand firmed at 18.3872 against a dovish U.S. dollar after FOMC minutes confirmed that the U.S. economy would face a mild recession later this year.

 

USD/MUR
The dollar-rupee slipped to 45.55(selling) amid a broad U.S. dollar weakness.

Fundamental & Technical Data
Economic Indicators-Local Time

16.30 USD Initial Jobless Claims  (MOM) 

16.30 USD PPI (Mar)

 

 

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
1.1113
1.2616
135.18
20.82
R2
1.057
1.2555
134.61
19.24
R1
1.1024
1.2520
133.88
18.75
PP
1.0968
1.2459
133.31
17.04
S1
1.0935
1.2424
132.58
16.55
S2
1.0879
1.2363
132.01
16.06
S3
1.0846
1.2328
131.28
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.