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Treasury

Daily Market Patrol

Market Patrol 20th April 2023

"Quality is not an act, it is a habit ."

Aristotle
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 traded sideways as BOE eyes one more rate hike, amid persistent U.K. inflation.
Fundamental News

EUR/USD

The single currency ticked lower to $1.0970 after  Eurozone Consumer Price Index (CPI)  for March remained at 6.9% yesterday, as expected.

GBP/USD

The Cable meandered at $1.2440 as the Bank of England (BOE) is expected to announce one more rate hike in May to battle stubbornly high inflation. 

USDJPY

The Japanese Yen strengthened to 134.43 after the Bank of Japan maintained an overall upbeat economic assessment for seven of Japan's nine regions and on chatters that the BOJ can tweak the Yield Curve Control policy if wage momentum holds.

AUD/USD

The Aussie set back to $0.6705 after a downbeat in the National Australia Bank Quarterly Business Confidence to -4% below estimates of 2%.

USD/CAD

The Loonie crumbled to 1.3456 against the dollar following unimpressive data of Canada Housing starts displayed yesterday.

USD/ZAR

The South African Rand recovered part of its losses to 18.16  versus the U.S. after local inflation data showed a rise in prices for the second consecutive month.

USD/MUR
The dollar-rupee stabilized at 45.50 (selling).

Fundamental & Technical Data
Economic Indicators-Local Time

14.00 EUR  Trade Balance (Feb)

15.30 ECB Monetary Policy Meeting (March)

16.30 USD Initial Jobless Claims 

16.30 USD Philadelphia Fed Manufacturing Index (April)

18.00 USD Existing Home Sales

 

 

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
1.1055
1.2559
136.41
20.82
R2
1.1019
1.2517
135.77
19.24
R1
1.0988
1.2478
135.24
18.75
PP
1.0952
1.2436
134.60
17.04
S1
1.0921
1.2397
134.07
16.55
S2
1.0885
1.2355
133.43
16.06
S3
1.0854
1.2316
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.