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Treasury

Daily Market Patrol

Market Patrol 2nd February 2023

"The more you praise and celebrate your life, the more there is in life to celebrate."

Oprah Winfrey
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 Greenback fell from a cliff after dovish Federal Reserve's policy stance
Fundamental News

EURUSD

The Single currency soared to $1.1020, fueled by a dovish Federal Reserve's rate hike. At the same time, the European Central Bank's monetary policy decision and its president Christine Lagarde's speech shall take centre stage this afternoon. 

GBPUSD

The Cable took little advantage of the dollar weakness and rose to $1.2390 despite market participants' gloomy outlook for the British economy and ahead of the Bank of England's interest rate decision later today. 

USDJPY

The Japanese Yen jumped out of the block to 128.74 versus the greenback, conveniently riding the general dollar rout and in line with this morning's 0.2% rise in the Nikkei. 

AUDUSD

The Australian dollar bolstered to $0.7145, underpinned by strong local Building Permits figures.

USDCAD

The Loonie hopped to 1.3280 vis-a-vis the greenback, partly due to better-than-expected Canadian GDP figures.

USDZAR

The South African Rand spiked to 17.05 against the U.S. dollar, boosted by positive vehicle sales data in South Africa and encouraging domestic PMI figures. 

USDMUR

The U.S. dollar steadied at 44.95(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

16:00 GBP BoE Interest Rates Decision

16:00 GBP BoE Minutes

17:15 EUR ECB Monetary Policy Statement

17:30 USD US Initial Jobless Claim

17:45 EUR ECB Press Conference

22:30 EUR ECB Lagarde Speech

 

 

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
1.1192
1.2540
131.93
18.76
R2
1.1097
1.2467
131.17
18.26
R1
1.1043
1.2420
130.07
17.66
PP
1.0948
1.2347
129.31
16.68
S1
1.0894
1.2300
128.21
16.50
S2
1.0799
1.2227
127.45
16.00
S3
1.0745
1.2180
126.35
15.32
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.