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Treasury

Daily Market Patrol

Market Patrol 1st March 2023

"The harder the conflict, the more glorious the triumph." 

Thomas Paine
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 Canadian Dollar slid on poorer-than-expected GDP figures against the greenback.
Fundamental News

EURUSD

The Single currency climbed to $1.0600 ahead of German CPI figures due later today. 

GBPUSD

The Pound Sterling remained unchanged at $1.2045 as market participants await Bank of England's Governor Bailey speech. 

USDJPY

The Japanese Yen hovered around familiar territory at 136.30 against the U.S. Dollar as no economic data for the country are expected today. 

AUDUSD

The Australian Dollar managed a small progress to $0.6760 on the back of an expansion in China's manufacturing activity. 

USDCAD

The Canadian Dollar resumed its selloff against the greenback at 1.3600 amid poorer-than-expected GDP figures. 

USDZAR

The South African Rand regained some traction against the U.S. dollar at 18.26 as unemployment rate declined in the country. 

USDMUR

The U.S. dollar is stuck in a rut 46.80(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

12:55 EUR Unemployment Change

13:30 GBP S&P CIPS Manufacturing PMI

14:00 EUR German Buba President Nagel speech

14:10 GBP BoE's Governor Bailey speech 

17:00 EUR German CPI

19:00 USD ISM Manufacturing PMI

 

 

 

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
1.0694
1.2232
138.04
20.82
R2
1.0669
1.2187
137.48
19.24
R1
1.0623
1.2106
136.86
18.75
PP
1.0598
1.2061
136.30
16.70
S1
1.0552
1.1980
135.68
16.48
S2
1.0527
1.1935
135.12
15.99
S3
1.0481
1.1854
134.50
15.29
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.