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Treasury

Daily Market Patrol

Market Patrol 21th March 2023

"One may miss the mark by aiming too high as too low."

Thomas Fuller
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 treaded cautiously upward on Lagarde's inflation warning.
Fundamental News

EURUSD

The Single Currency is timorously above $1.0700 as European Central Bank President, Christine Lagarde, confirmed that Eurozone inflation will remain higher for longer. 

GBPUSD

The Cable hopped to $1.2250 despite uncertainties surrounding the global financial markets, and which in turn might undermine the Bank of England from raising rates this week. 

USDJPY

The Japanese Yen traded sideways at 131.25 against the greenback prior to the U.S. Federal Reserve's interest rate decision due tomorrow. Japan is on holiday this Tuesday. 

AUDUSD

The Australian Dollar juggled at $0.6685 as the Reserve Bank of Australia's minutes revealed a pause in their rate hike cycle. 

USDCAD

The Loonie got an upswing to 1.3685 against the U.S. dollar on the back of a mild recovery in WTI prices. 

USDZAR

The South African Rand slid to 18.55 against the greenback as thousands of protesters marched through South Africa's cities, calling for the President's resignation. 

USDMUR

The U.S. dollar is unchanged at 46.95(selling). 

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 EUR Eurozone ZEW Survey

14:00 EUR German ZEW Survey

16:30 EUR ECB's President Lagarde speech 

16:30 CAD BoC Consumer Price Index 

 

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
1.0858
1.2438
134.57
20.82
R2
1.0795
1.2362
133.61
19.24
R1
1.0759
1.2320
132.46
18.75
PP
1.0696
1.2244
131.50
17.04
S1
1.0660
1.2202
130.35
16.55
S2
1.0597
1.2126
129.39
16.06
S3
1.0561
1.2084
128.24
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.