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Treasury

Daily Market Patrol

Market Patrol 15th February 2023

"Start where you are. Use what you have. Do what you can."

Arthur Ashe
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 Euro slid as positive U.S. CPI figures cemented a hawkish Federal Reserve.
Fundamental News

EURUSD

The Single currency dipped to $1.0715 after positive U.S. CPI figures, which cemented the case for a hawkish Federal Reserve. 

GBPUSD

The Pound Sterling remained supported at  $1.2150 ahead of UK CPI figures later today. 

USDJPY

The Japanese Yen lost ground and traded at 133.05 as bids for the U.S. dollar grew following a risk-off mood in the market. 

AUDUSD

The Australian Dollar capitulated to $0.6930 as the Reserve Bank of Australia's Governor Lowe stated that fiscal policy is broadly neutral, suggesting the need for other efforts to tame inflation than rate hikes. 

USDCAD

The Loonie dropped to 1.3365 against the U.S. dollar, undermined by weaker oil prices, one of Canada's main exports. 

USDZAR

The South African Rand slid to 17.99 against the greenback in the absence of a solution for the ongoing energy crisis in the country. 

USDMUR

The U.S. dollar crawled upward to 46.20(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 EUR Industrial Production

17:30 USD Retail Sales 

18:00 EUR ECB's President Lagarde

 

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
1.0888
1.2405
135.57
18.76
R2
1.0846
1.2336
134.45
18.26
R1
1.0791
1.2256
133.77
17.66
PP
1.0749
1.2187
132.65
16.68
S1
1.0694
1.2107
131.97
16.50
S2
1.0652
1.2038
130.85
16.00
S3
1.0597
1.1958
130.17
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.