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Treasury

Daily Market Patrol

Market Patrol 28th March 2023

"You cannot escape the responsibility of tomorrow by evading it today."

Abraham Lincoln
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 slid on falling demand for haven, easing banking jitters.
Fundamental News

EURUSD

The Single Currency grinded higher to $1.0815 on the back of positive German IFO figures published yesterday, as well as a broad dollar weakness. 

GBPUSD

The Cable hopped to $1.2315 as Bank of England's governor Bailey maintained a hawkish tone yesterday, mentioning further tightening would be required if inflation remains persistent. 

USDJPY

The Japanese Yen crawled higher at 130.48 against the greenback despite Bank of Japan's Governor Haruhiko Kuroda mentioned that it is too early to debate an exit from easy monetary policy. 

AUDUSD

The Australian Dollar spiked to $0.6695 despite downbeat Retail Sales figures published this morning. 

USDCAD

The Canadian Dollar hoisted to 1.3635 against the greenback as oil prices climbed the most in 10 months. 

USDZAR

The South African Rand traded at 18.25 against the U.S. dollar ahead of rate decision from the South African Reserve Bank due this Thursday. 

USDMUR

The U.S. dollar unfazed at 46.45(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

17:00 USD Housing Pricing Index 

17:00 EUR German Buba President Nagel speech

17:15 EUR ECB President Lagarde speech

18:00 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
1.0878
1.2388
133.33
20.82
R2
1.0840
1.2341
132.54
19.24
R1
1.0820
1.2314
132.06
18.75
PP
1.0782
1.2267
131.27
17.04
S1
1.0762
1.2240
130.79
16.55
S2
1.0724
1.2193
130.00
16.06
S3
1.0704
1.2166
129.52
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.