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Daily Market Patrol

Market Patrol 14th February 2023

"Education is the most powerful weapon which you can use to change the world."

Nelson Mandela
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 U.S. dollar on tenterhooks ahead of inflation figures.
Fundamental News

EURUSD

The Single currency recovered to $1.0735 as investors consolidated positions ahead of Tuesday's crucial U.S. consumer price index (CPI) data. 

GBPUSD

The Pound Sterling jumped to $1.2140, underpinned by a significant pay hike from British firms and the end of a 20-day-long strike by the London bus drivers. 

USDJPY

The Japanese Yen profited from the jitters of new central bank officials and climbed to 132.00 against the greenback. 

AUDUSD

The Australian Dollar grinded up at $0.6965 despite a Reuters report suggesting Australian consumer's confidence fell into "deep pessimism". 

USDCAD

The Canadian Dollar juggled within familiar territory at 1.3340 against the greenback in conjunction with the inaction in oil prices. 

USDZAR

The South African Rand tapped into a weaker U.S. dollar to hop at 17.84 despite gloomy economic prospects in the country following the enduring energy crisis. 

USDMUR

The U.S. dollar settled at 46.10(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 EUR Employment Change

14:00 EUR GDP

17:30 USD CPI

23:05 USD Fed's Williams 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
1.0825
1.2304
134.80
18.76
R2
1.0778
1.2228
133.85
18.26
R1
1.0751
1.2184
133.14
17.66
PP
1.0704
1.2108
132.19
16.68
S1
1.0677
1.2064
131.48
16.50
S2
1.0630
1.1988
130.53
16.00
S3
1.0603
1.1944
129.82
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.