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Treasury

Daily Market Patrol

Market Patrol 18th April 2023

"If you can dream it, you can do it ."

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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 bounced back on upbeat U.K. jobs data.
Fundamental News

EUR/USD

The single currency extended its decline to $1.0937 after a fresh set of robust macroeconomic data from the United States supported at least one more rate hike announcement from the Federal Reserve. 

GBP/USD

The Cable recovered from its losses to 1.2392 on better than anticipated U.K. Average Earnings data and improvement in U.K. Claimant count change to 28.2k.

USDJPY

The Japanese Yen slipped to 134.39  after New York State factory activity in April increased for the first time in five months, helping bolster expectations the Federal Reserve will raise interest in May.

AUD/USD

The Aussie inched up to $0.6726 after minutes of the last Reserve Bank of Australia revealed that the central bank was ready to tighten further if inflation and demand failed to cool.

USD/CAD

The Loonie dropped to  1.3370  against the greenback ahead of Canada's Core Consumer Price Index (CPI) due later today alongside a downbeat in the prices of WTI Crude oil.

USD/ZAR

The South African Rand lost ground towards 18.277 versus the U.S. dollar as domestic investors remain concerned over long power cuts during the South African winter.

USD/MUR
The dollar-rupee is unchanged at  45.55 (selling).

Fundamental & Technical Data
Economic Indicators-Local Time

13.00 EUR German ZEW Economic Sentiment (April)

16.30 USD Building Permits (March)

16.30 CAD Core CPI (March )

 

 

 

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
1.1072
1.2511
135.65
20.82
R2
1.1036
1.2474
135.11
19.24
R1
1.0982
1.2426
134.79
18.75
PP
1.0946
1.2389
134.25
17.04
S1
1.0892
1.2341
133.93
16.55
S2
1.0856
1.2304
133.39
16.06
S3
1.0802
1.2256
133.07
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.