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Treasury

Daily Market Patrol

Market Patrol 23th February 2023

"It does not matter how slowly you go as long as you do not stop."

Confucius
Indicative Selling Rates
against MUR
USD
08 May 2024
  • AUD
  • 31.02
  • 0.6636
  • BWP
  • 3.49
  • 0.0746
  • CAD
  • 34.27
  • 1.3641
  • CNY
  • 6.56
  • 7.1254
  • DKK
  • 6.83
  • 6.8424
  • EUR
  • 50.45
  • 1.0793
  • HKD
  • 6.07
  • 7.7014
  • INR
  • 0.57
  • 82.1748
  • JPY
  • 30.48
  • 153.3486
  • KES
  • 35.64
  • 131.1343
  • NZD
  • 28.26
  • 0.6046
  • NOK
  • 4.36
  • 10.7175
  • SGD
  • 34.83
  • 1.3420
  • ZAR
  • 2.60
  • 17.9610
  • SEK
  • 4.35
  • 10.7417
  • CHF
  • 51.75
  • 1.1072
  • GBP
  • 58.63
  • 1.2545
  • USD
  • 46.74
  • 1.0000
  • AED
  • 12.93
  • 3.6160
The Single Currency slid on hawkish FOMC minutes.
Fundamental News

EURUSD

The Single currency tumbled to $1.0615 as the minutes from the Federal Open Market Committee revealed ongoing concerns regarding inflation and the necessity for further rate hikes. 

GBPUSD

The Cable retreated to $1.2055 amid sour parliamentary confrontations in the UK regarding the Northern Ireland protocol, a development reminiscing the fall of Theresa May. 

USDJPY

The Japanese Yen was on the backfoot at 134.85 against the greenback as Chinese diplomat Wang Yi met with Russian President Vladimir Putin, and announced deeper strategic cooperation, therefore spurring further risk-off.

AUDUSD

The Australian Dollar remained depressed at $0.6820 despite local data showed that the Australian business investment rose to a seven-year high. 

USDCAD

The Loonie staged a mild recovery at 1.3525 against the greenback, ending a three-days losing streak in contrary to softer oil prices. 

USDZAR

The South African Rand paused it's relentless fall against the U.S. dollar at 18.22 as the finance minister announced that the government would take on more than half of Eskom's debt. 

USDMUR

The U.S. dollar grinded to 46.60(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

13:30 GBP BoE's Mann speech

14:00 EUR Core Harmonized Index of Consumer Prices

14:45 GBP BoE's Cunliffe speech

17:30 USD GDP 

17:30 USD Initial Jobless Claims

 

 

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
1.0711
1.2211
135.88
20.82
R2
1.0688
1.2173
135.47
19.24
R1
1.0646
1.2110
135.19
18.75
PP
1.0623
1.2072
134.78
16.70
S1
1.0581
1.2009
134.50
16.48
S2
1.0558
1.1971
134.09
15.99
S3
1.0516
1.1908
133.81
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.