Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 14th March 2023

“Success is peace of mind, which is a direct result of self-satisfaction in knowing you made the effort to become the best of which you are capable.”

John Wooden
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 Pound Sterling hailed to new highs ahead of U.K employment and U.S. CPI figures.
Fundamental News

EURUSD

The Single Currency seesawed at $1.0700, underpinned by a general dollar weakness as market participants reassessed the Federal Reserve's resolve to increase rates amid the Silicon Valley Bank's fallout. 

GBPUSD

The Cable kept its upward momentum to trade at $1.2150 ahead of key jobs figures for the U.K. economy expected this morning. 

USDJPY

The Japanese Yen was heavily supported at 133.85 against the greenback, with the focus being tilted to the Bank of Japan's monetary meeting minutes due tonight. 

AUDUSD

The Australian Dollar juggled within the familiar territory at $0.6650, reflecting a 0% Consumer Confidence figure published this morning.

USDCAD

The Loonie remained unchanged at 1.3725 against the U.S. dollar, ignoring a slump in WTI prices.

USDZAR

The South African Rand shrank to 18.23 against the greenback, remaining at the mercy of U.S. CPI figures due this afternoon. 

USDMUR

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

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 GBP UK Unemployment Rate 

16:30 USD US Consumer Price Index

 

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
1.0870
1.2393
137.50
20.82
R2
1.0809
1.2296
136.27
19.24
R1
1.0771
1.2240
134.76
18.75
PP
1.0710
1.2143
133.53
17.04
S1
1.0672
1.2087
132.02
16.55
S2
1.0611
1.1990
130.79
16.06
S3
1.0573
1.1934
129.28
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.