Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 2nd March 2023

"If you are not willing to risk the usual you will have to settle for the ordinary.”

Jim Rohn
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 tanked on dovish Bank of England's chief.
Fundamental News

EURUSD

The Single currency advanced to $1.0645 on a stronger-than-anticipated German Harmonized Index, increasing the likelihood of further monetary tightening from the European Central Bank. 

GBPUSD

The Pound Sterling slid below $1.2000 as the Bank of England's chief signalled that interest rates in the U.K may have peaked. 

USDJPY

The Japanese Yen traded sideways against the U.S. dollar at 136.46 as market participants expect little from the newly appointed Bank of Japan's governor regarding monetary policy. 

AUDUSD

The Australian Dollar dropped to $0.6740 on poorer-than-expected Australian building permits figures published this morning. 

USDCAD

The Canadian Dollar juggled at 1.3615 against the greenback as the oil market remained mundane. 

USDZAR

After two days of gains, the South African Rand resumed its selloff at 18.18 against the U.S. dollar as the boosts from strong Chinese manufacturing activity started to fade. 

USDMUR

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

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 EUR Core Harmonized Index of Consumer Prices

17:30 USD Initial Jobless Claim

19:00 GBP BoE Pill 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
1.0845
1.2213
137.90
20.82
R2
1.0768
1.2151
137.19
19.24
R1
1.0719
1.2089
136.69
18.75
PP
1.0642
1.2027
135.98
16.70
S1
1.0593
1.1965
135.48
16.48
S2
1.0516
1.1903
134.77
15.99
S3
1.0467
1.1841
134.27
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.