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Daily Market Patrol

Market Patrol 13th February 2023

"Be patient with yourself. Self-growth is tender; it's holy ground. There's no greater investment."

Stephen Covey
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 Australian Dollar plummeted on risk aversion, as air drama intensified.
Fundamental News

EURUSD

The Single currency plunged to $1.0665 as rate hikes expectations from the Federal Reserve weighed over that of a more dovish European Central Bank. 

GBPUSD

The Cable lost ground to $1.2044 despite a Reuters poll suggesting that British firms are willing to refill the staff gaps even at the costs of the biggest pay rises since 2012. 

USDJPY

The Japanese Yen slid to 132.15 against the greenback ahead of the U.S. inflation figures due tomorrow afternoon. 

AUDUSD

The Australian Dollar plummeted to $0.69 over increased geopolitical tensions as China prepares to shoot down an unidentified object in its airspace.

USDCAD

The Loonie cheered Friday's positive Canadian employment figures and hopped to 1.3370 against the U.S. dollar. 

USDZAR

The South African Rand fell to 17.92 against the greenback as last week's presidential address caused a loss of confidence over a possible improvement in the country's energy crisis. 

USDMUR

The U.S. dollar climbed to 46.10(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

20:30 USD 3-Month Bill Auction

20:30 USD 6-Month Bill Auction

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
1.0818
1.2209
134.35
18.76
R2
1.0786
1.2174
133.11
18.26
R1
1.0731
1.2116
132.28
17.66
PP
1.0699
1.2081
131.04
16.68
S1
1.0644
1.2023
130.21
16.50
S2
1.0645
1.1988
128.97
16.00
S3
1.0557
1.1930
128.14
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.