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Daily Market Patrol

Market Patrol 23th January 2023

“When you change your thoughts, remember to also change your world.”

Norman Vincent Peale
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 US dollar rocketed to 44.65 against the rupee.
Fundamental News

EURUSD

The Single Currency kept its pace upward at $1.0890 following ECB's Rehn comment regarding grounds for significant interest rate increases over the course of this year. 

GBPUSD

The Cable remained supported at $1.2420 as markets expect further stimulus from U.K. Prime Minister Rishi Sunak to bridge the gap among its peers and spur economic growth. 

USDJPY

The Japanese Yen retraced against the greenback to trade around 129.65 as BoJ Minutes showed that several members said the effect of powerful monetary easing will continue even if BoJ widens its yield target's band. 

AUDUSD

The Australian Dollar climbed to $0.6980, supported by upbeat domestic employment data. 

USDCAD

The Canadian Dollar rose to 1.3380 against the U.S. dollar, taking support from increased oil prices. 

USDZAR

The South African Rand gained against the U.S. dollar to reach 17.10, cheering a drop in electricity cuts that undermined local industries. 

USDMUR

The U.S. Dollar rose by 30 cents against the rupee at reached 44.65(selling). 

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 USD Chicago Fed National Activity Index

19:00 EUR Consumer Confidence

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4.50%
01-Jan-0001
01-Feb-2023
European Central Bank
2.50%
01-Jan-0001
02-Feb-2023
Bank of England
3.50%
01-Jan-0001
02-Feb-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
1.0933
1.2492
132.93
18.57
R2
1.0896
1.2449
131.77
17.58
R1
1.0876
1.2423
130.67
16.97
PP
1.0839
1.2380
129.51
16.48
S1
1.0819
1.2354
128.41
15.98
S2
1.0782
1.2311
127.25
15.28
S3
1.0762
1.2285
126.15
14.86
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.