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Treasury

Daily Market Patrol

Market Patrol 30th January 2023

"Keep your face to the sunshine and you cannot see a shadow" 

Helen Keller
Indicative Selling Rates
against MUR
USD
03 May 2024
  • AUD
  • 31.03
  • 0.6638
  • BWP
  • 3.36
  • 0.0720
  • CAD
  • 34.49
  • 1.3553
  • CNY
  • 6.55
  • 7.1406
  • DKK
  • 6.83
  • 6.8459
  • EUR
  • 50.43
  • 1.0787
  • HKD
  • 6.07
  • 7.6974
  • INR
  • 0.57
  • 82.0550
  • JPY
  • 30.90
  • 151.2966
  • KES
  • 35.26
  • 132.5927
  • NZD
  • 28.16
  • 0.6023
  • NOK
  • 4.35
  • 10.7493
  • SGD
  • 34.91
  • 1.3393
  • ZAR
  • 2.60
  • 17.9742
  • SEK
  • 4.37
  • 10.7042
  • CHF
  • 51.73
  • 1.1065
  • GBP
  • 58.96
  • 1.2613
  • USD
  • 46.75
  • 1.0000
  • AED
  • 12.93
  • 3.6160
The Japanese Yen soared as Bank of Japan may review inflation target.
Fundamental News

EURUSD

The Single Currency slipped to $1.0870 ahead of key central bank meetings, including the European Central Bank, due this week. 

GBPUSD

The Cable swayed within familiar territory at $1.2390 on expectations that the Bank of England may decide to slow down their rate hike cycle. At the same time, the Fed is also expected to decide on interest rates this week. 

USDJPY

The Japanese Yen catapulted to 129.20 against the greenback, supported by a report that the Bank of Japan may tweak their inflation target. 

AUDUSD

The Australian Dollar adopted a bearish stance against the greenback and traded at 0.7085 in a risk-averse mood this morning.

USDCAD

The Canadian Dollar gave up part of its gains against the U.S. dollar, to trade at 1.3330 as softer oil prices, a main Canadian export, weighed on the currency. 

USDZAR

The South African Rand maintained a timid profile against the U.S. dollar at 17.19, as the worsening energy supply in the country, together with uncertainty from the Fed this week, are putting pressure on both sides. 

USDMUR

The U.S. dollar climbed to 44.85(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 EUR German GDP 

 

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
1.0962
1.2500
131.02
18.57
R2
1.0931
1.2460
130.65
17.58
R1
1.0900
1.2427
130.25
16.97
PP
1.0869
1.2387
129.88
16.48
S1
1.0838
1.2354
129.48
15.98
S2
1.0807
1.2314
129.11
15.28
S3
1.0776
1.2281
128.71
14.86
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.