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Treasury

Daily Market Patrol

Market Patrol 15th March 2023

If you fell down yesterday, stand up today.

H. G. Wells
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 Greenback on the backfoot as U.S. CPI came flat.
Fundamental News

EURUSD

The Single Currency climbed at $1.0750 as U.S. CPI figures published yesterday matched expectations, maintaining market participants' sentiments that the Federal Reserve may opt to slow down on it's rate hike ambitions. 

GBPUSD

The Cable traded sideways around $1.2165 ahead of U.K.'s Finance Minister fiscal budget announcements today. 

USDJPY

The Japanese Yen eased to 134.40 against the greenback as the Bank of Japan's monetary policy minutes revealed that the central bank will continue with Quantitative and Qualitative Monetary Easing with Yield Curve Control and that the ultra-loose monetary policy would stay for a longer period.

AUDUSD

The Australian Dollar hopped to $0.6690 as Chinese Retail Sales printed a 3.5% increase this morning. 

USDCAD

The Loonie spiked to a high of 1.3655 this morning before retreating to 1.3690 versus the greenback as Canadian key export WTI recovered from a two-days losing streak. 

USDZAR

The South African Rand recovered to 18.12 against the buck despite data published on Tuesday showing a 1.9% fall in mining output for January.

USDMUR

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

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 USD Producer Price Index

16:30 USD Retail Sales 

N/A    GBP Budget Report

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
1.0833
1.2262
136.92
20.82
R2
1.0792
1.2232
135.91
19.24
R1
1.0762
1.2196
135.06
18.75
PP
1.0721
1.2166
134.05
17.04
S1
1.0691
1.2130
133.20
16.55
S2
1.0650
1.2100
132.19
16.06
S3
1.0620
1.2064
131.34
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.