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Treasury

Daily Market Patrol

Market Patrol 28th February 2022

"Keep your face always toward the sunshine, and shadows will fall behind you."

Walt Whitman
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 Pound Sterling cheered by positive developments regarding the Brexit deal.
Fundamental News

EURUSD

The Single currency recovered to $1.0585 on the back of a mild dollar weakness triggered by weaker-than-expected U.S. Durable Goods figures. 

GBPUSD

The Cable jumped to $1.2045, sponsored by the announcement of a Brexit deal between the U.K. and the E.U. in Northern Ireland. 

USDJPY

The Japanese Yen was little changed at 136.33 on lacklustre U.S. economic figures yesterday, coupled with an equally dovish Bank of Japan's appointee governor. 

AUDUSD

The Australian Dollar was on tenterhooks at $0.6725 as the release of strong Retail Sales figures for the country failed to provide significant support. 

USDCAD

The Canadian Dollar regained traction to trade at 1.3585 against the greenback as oil prices printed a modest increase. 

USDZAR

The South African Rand remained largely unchanged at 18.44 against the U.S. dollar, in line with a Reuters report suggesting that the continent's most developed economy is expected to register minimal growth due to record power cuts. 

USDMUR

The U.S. dollar settled at 46.80(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 CHF Gross Domestic Product

14:15 GBP BoE's Cunliffe speech

17:30 CAD Gross Domestic Product

19:00 USD Consumer Confidence 

 

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
1.0729
1.2255
137.18
20.82
R2
1.0674
1.2160
136.86
19.24
R1
1.0642
1.2112
136.55
18.75
PP
1.0587
1.2017
136.23
16.70
S1
1.0555
1.1969
135.92
16.48
S2
1.0500
1.1874
135.60
15.99
S3
1.0468
1.1826
135.29
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.