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Treasury

Daily Market Patrol

Market Patrol 17th March 2023

"In order to succeed, we must first believe that we can."

Nikos Kazantzakis
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 climbed on European Central Bank's unequivocal tightening.
Fundamental News

EURUSD

The Single Currency hopped to $1.0640 as the European Central Bank hiked interest rates by 50 basis points, beating the market's dovish expectations amid Credit Suisse's crisis. 

GBPUSD

The Pound Sterling jumped to $1.2145 on a weaker greenback as the current U.S. banking crisis plagued Federal Reserve's rate hike objectives. 

USDJPY

The Japanese Yen traded sideways against the U.S. dollar at 133.10 as Japan's Finance Minister's call for additional measures to respond to inflation did little to move the pair. 

AUDUSD

The Australian Dollar climbed to $0.6710 partly due to a Chinese spokesperson stating that "China is willing to discuss basic issues that concern both nations." 

USDCAD

The Loonie recovered to 1.3690 against the U.S. dollar in tandem with a recovery in oil prices ahead of next week's CPI figures. 

USDZAR

The South African Rand depressed at 18.33 against the greenback though recent data have pointed to ongoing weakness in the economy . 

USDMUR

The U.S. dollar stood still at 47.40(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 EUR CPI

18:00 USD Michigan Consumer Sentiment 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
1.0733
1.2251
136.60
20.82
R2
1.0684
1.2189
135.21
19.24
R1
1.0649
1.2151
134.49
18.75
PP
1.0600
1.2089
133.10
17.04
S1
1.0565
1.2051
132.38
16.55
S2
1.0516
1.1989
130.99
16.06
S3
1.0481
1.1951
130.27
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.