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Daily Market Patrol

Market Patrol 23th March 2023

"No bird soars too high if he soars with his own wings."

William Blake
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 U.S. Dollar crumbled on Federal Reserve's signs it may pause further hikes.
Fundamental News

EURUSD

The Single Currency catapulted to $1.0900 after the U.S. Federal Reserve signalled it may pause on further rate hikes, following yesterday's 25 basis points increase. 

GBPUSD

The Cable picked up bids to $1.2315 on positive inflation figures and British Prime Minister Sunak's victory in passing the Brexit bill through the House of Commons. 

USDJPY

The Japanese Yen surged against the greenback partly due to a turnaround in U.S. yields. 

AUDUSD

The Australian Dollar climbed to $0.6735 despite a 1.6% drop in the Australian miner's sub-index, hitting its lowest since November 28. 

USDCAD

The Loonie traded within the familiar territory at 1.3670 against the U.S. Dollar ahead of Canadian Retail Sales figures expected Friday. 

USDZAR

The South African Rand progressed to 18.15 against the greenback despite inflation data for February, and a leading business cycle indicator for January released yesterday confirmed the gloomy impact of nationwide power cuts across sectors. 

USDMUR

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

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 CHF SNB Interest Rate Decision

16:00 GBP Bank of England Minutes

16:00 GBP Bank of England's Interest Rate Decision

16:30 USD Chicago Fed National Activity Index

16:30 USD Initial Jobless Claims

19:00 EUR Consumer Confidence 

19:00 EUR ECB's Lane 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
1.1080
1.2459
134.67
20.82
R2
1.0996
1.2397
133.83
19.24
R1
1.0926
1.2333
132.68
18.75
PP
1.0842
1.2271
131.84
17.04
S1
1.0772
1.2207
130.69
16.55
S2
1.0688
1.2145
129.85
16.06
S3
1.0618
1.2081
128.70
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.