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Treasury

Daily Market Patrol

Market Patrol 19th April 2023

"Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence  ."

Helen Keller
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 Loonie extended decline after softer Canada inflation data
Fundamental News

EUR/USD

The single currency spiked to $1.0973 despite the German Economic Sentiment indicating pessimistic data of 4.1 versus 15.3 on Tuesday. Market awaiting for Eurozone Consumer Price Index (CPI) to be displayed today.

GBP/USD

The Pound Sterling surged to $1.2460 after U.K. annualized CPI inflation dropped to 10.1% in March versus the 10.4% jump recorded in February, beating estimates of a 9.8% print.

USDJPY

The Japanese Yen dropped to 134.65 against the dollar, weighed down by a  lower-than-expected reading of Japan's Industrial Production.

AUD/USD

The Aussie dipped to  $0.6715, although Australia's Westpac Leading Index rose to 0.01% compared to previous data of -0.06%.

USD/CAD

The Loonie languished to 1.3396  against the greenback after softer Canada inflation data yesterday amid comments from Bank of Canada (BOC) Governor Tiff Macklem failed to convince the hawkish bias. 

USD/ZAR

The South African Rand climbed to 18.182  versus the U.S. dollar on profit-taking ahead of the much-awaited  ZAR CPI due today.

USD/MUR
The dollar-rupee ticked lower to 45.50 (selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12.00 ZAR  Core CPI (March)

13.00 EUR Core CPI  (March)

16.15 CAD Housing Starts (March)

18.30 USD Crude Oil Inventories

21.00 USD 20 Year Bond Auction

 

 

 

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
1.1058
1.2543
135.42
20.82
R2
1.1021
1.2496
135.07
19.24
R1
1.0997
1.2461
134.58
18.75
PP
1.0960
1.2414
134.23
17.04
S1
1.0936
1.2379
133.74
16.55
S2
1.0899
1.2332
133.39
16.06
S3
1.0875
1.2297
132.90
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.