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Treasury

Daily Market Patrol

Market Patrol 30th March 2023

"Of all possessions a friend is the most precious."

Herodotus
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 Euro oscillated within tighter bounds ahead of German CPI.
Fundamental News

EUR/USD
The Single currency traded sideways at $1.0835 ahead of German CPI Figures due this afternoon. 

 

GBP/USD
The Cable remains above $1.23 after higher than expected UK mortgage approvals. 

 

USD/JPY
The Japanese yen slid to 132.60 against the greenback in tandem with a drop of 0.73% in the 225-issue Nikkei Stock Average before the end of fiscal year tomorrow. 

 

AUD/USD
The Aussie remained unchanged at $0.6685 unbothered by fresh Sino-American tension over Taiwan, and dovish concerns over the Reserve of Australia's next moves. 

 

USD/CAD
The Loonie strengthened to 1.3560 against the U.S. Dollar, ignoring a correction in oil prices, and prior to U.S. GDP figures due later today. 

 

USD/ZAR
South African rand gained traction and traded at 18.10 against the greenback as global confidence rose due to regulations mitigating the U.S. banking crisis. 

 

USD/MUR
The dollar-rupee stuck at 46.45 (Selling)

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 CHF KOF Leading Indicator

12:00 EUR Italian Unemployment 

12:00 EUR Economic Bulletin 

13:00 EUR Consumer Confidence 

16:00 EUR German CPI

16:30 USD GDP

16:30 USD Initial Jobless Claims

20:00 CHF SNB's Maechler 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
1.0926
1.2410
135.72
20.82
R2
1.0899
1.2386
134.30
19.24
R1
1.0872
1.2351
133.59
18.75
PP
1.0845
1.2327
132.17
17.04
S1
1.0818
1.2292
131.46
16.55
S2
1.0791
1.2268
130.04
16.06
S3
1.0764
1.2233
129.33
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.