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Treasury

Daily Market Patrol

Market Patrol 16th March 2023

"Failure will never overtake me if my determination to succeed is strong enough."

Og Mandino
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 nosedived on Credit Suisse jitters, compromising ECB rates ambitions.
Fundamental News

EURUSD

The Single Currency nosedived to $1.0575 on negative news surrounding Credit Suisse, with its main shareholder warning they would not reinject funds into the bank, which in turn tilted expectations that ECB may choose a more dovish tone today. 

GBPUSD

The Cable tumbled towards $1.2080 as the Bank of England scrambled to ascertain the exposures of local banks to the Credit Suisse crisis, overshadowing the budget release for the United Kingdom. 

USDJPY

The Japanese Yen spiked to 132.80 against the greenback on strong Japanese Adjusted Merchandise Trade Balance figures published this morning. 

AUDUSD

The Australian Dollar slid to $0.6635 as positive employment data published this morning offered little impetus amid a general risk aversion across markets. 

USDCAD

The Loonie collapsed to 1.3765 against the greenback as WTI suffered from a 3-day losing streak. 

USDZAR

The South African Rand cascaded to 18.40 against the greenback, partly due to a 0.8% fall in January sales, highlighting consumer cost of living constraint as per a Reuters report. 

USDMUR

The U.S. dollar climbed to 47.40(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 USD Building Permits 

16:30 USD Housing Starts

16:30 USD Initial Jobless Claims

17:15 EUR ECB Monetary Policy Decision

17:45 EUR ECB Press Conference 

 

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
1.0961
1.2325
137.84
20.82
R2
1.0861
1.2254
136.48
19.24
R1
1.0718
1.2154
134.95
18.75
PP
1.0618
1.2083
133.59
17.04
S1
1.0475
1.1983
132.06
16.55
S2
1.0375
1.1912
130.70
16.06
S3
1.0232
1.1812
129.17
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.