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Treasury

Daily Market Patrol

Market Patrol 21st April 2023

"Either you run the day or the day runs you ."

Jim Rohn
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 Aussie is facing immense pressure after mixed Services and Manufacturing PMI
Fundamental News

EUR/USD

The single currency remained unruffled at $1.0943 after the U.S. Department of Labor on Tuesday reported a jump in the number of initial Jobless Claims for the week ending April 04 at 245K, higher than the estimates and the former release of 240K.

GBP/USD

The Cable ticked lower at $1.2413 in the wake of weak U.K. Retail sales released today amid the U.K. manufacturing Purchasing Managers Index (PMI) due later.

USDJPY

The Japanese Yen spiked to 133.90 against the greenback on an acceleration in Japan's Consumer Price Index (CPI) to 3.2% vs 2.6% forecasted.

AUD/USD

The Aussie extended its decline to $0.6690 after the Manufacturing Purchasing Manager Index(PMI) softened heavily to 48.10 from the consensus of 48.8.

USD/CAD

The Loonie slipped to 1.3525  against the dollar amid weaker oil prices weighed heavily on the Canadian Dollar. Market awaits Canadian Core Retail Sales to be displayed today.

USD/ZAR

The South African Rand climbed to 18.07 after the U.S. weekly jobless claims fueled hopes the U.S. Federal Reserve could slow interest rate hikes.

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

Fundamental & Technical Data
Economic Indicators-Local Time

12.30 GBP  Composite PMI 

12.30 GBP Manufacturing PMI

12.30 GBP Services PMI 

16.30 CAD Core Retail Sales  (Feb)

 

 

 

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
1.1052
1.2535
135.79
20.82
R2
1.1021
1.2502
135.38
19.24
R1
1.0996
1.2472
134.82
18.75
PP
1.0965
1.2439
134.41
17.04
S1
1.0940
1.2409
133.85
16.55
S2
1.0909
1.2376
133.44
16.06
S3
1.0884
1.2346
132.88
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.