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Daily Market Patrol

Market Patrol 20th March 2023

"No one can figure out your worth but you."

Pearl Bailey
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 slightly gained as UBS-Credit Suisse deal lifted risk sentiment.
Fundamental News

EURUSD

The Single Currency clung to small gains at $1.0670 on improved risk appetite as UBS reached a deal to buy its struggling rival, Credit Suisse. 

GBPUSD

The Cable was hoisted to $1.2185 ahead of the much-awaited Consumer Price figures expected this Wednesday. 

USDJPY

The Japanese Yen jumped to 131.85 against the greenback despite a Reuters report suggesting that the Bank of Japan's board members saw the need to maintain the ultra-loose monetary policy. 

AUDUSD

The Australian Dollar looked a little dicey at $0.6685 as currency markets showed cautious optimism after global authorities moved to stem contagion from a simmering banking crisis. 

USDCAD

The Loonie slid to 1.3720 against the U.S. dollar partly due to the market's expectation that the Federal Reserve will raise rates this week. 

USDZAR

The South African Rand was little changed at 18.37 against the greenback as the South African Reserve Bank does not anticipate any effects from the Silicon Valley Bank or Credit Suisse to impact the domestic financial or banking sectors.

USDMUR

The U.S. dollar slipped to 46.95(selling) against the rupee post-BOM intervention on the domestic market. 

Fundamental & Technical Data
Economic Indicators-Local Time

18:00 EUR ECB;s President Lagarde Speech

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
1.0777
1.2320
135.48
20.82
R2
1.0731
1.2261
134.63
19.24
R1
1.0698
1.2221
133.26
18.75
PP
1.0652
1.2162
132.41
17.04
S1
1.0619
1.2122
131.04
16.55
S2
1.0573
1.2063
130.19
16.06
S3
1.0540
1.2023
128.82
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.