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Treasury

Daily Market Patrol

Market Patrol 24th March 2023

"What is called genius is the abundance of life and health."

Henry David Thoreau
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 Cable slid on Bank of England's dovish rate hike.
Fundamental News

EURUSD

The Single Currency lost steam and reversed gains to $1.0825 as the Consumer Confidence figure for the Euro Zone printed a bigger than-anticipated drop yesterday.  

GBPUSD

The Cable slid to $1.2280 as the much anticipated 25 basis points rate increase by the Bank of England was accompanied by an unchanged statement that its Monetary Policy Committee saw less urgency about maintaining its fast run of rate hikes. 

USDJPY

The Japanese Yen edged higher at 130.25 against the U.S. Dollar, underpinned by positive CPI figures published this morning. 

AUDUSD

The Australian Dollar retraced to $0.6688 on the back of poorer-than-expected Global Manufacturing PMI figures. 

USDCAD

The Canadian Dollar plummeted to 1.3720 against the greenback as oil prices flipped to the downside following a short-lived breather. 

USDZAR

The South African Rand was on an uptrend at 18.09 against the U.S. Dollar, partly due to a slight increase in  S.A. headline inflation. 

USDMUR

The U.S. dollar tumbled to 46.45(selling) in the wake of the Bank of Mauritius intervention this Friday. 

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 EUR German PMI

13:00 EUR Euro Zone PMI

13:30 GBP Composite PMI

16:30 USD Durable Goods

16:30 CAD Retail Sales 

 

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
1.1004
1.2415
132.91
20.82
R2
1.0967
1.2380
132.28
19.24
R1
1.0900
1.2333
131.57
18.75
PP
1.0863
1.2298
130.94
17.04
S1
1.0796
1.2251
130.23
16.55
S2
1.0759
1.2216
129.60
16.06
S3
1.0692
1.2169
128.89
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.