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Treasury

Daily Market Patrol

Market Patrol 31th January 2023

"Beware of monotony; it's the mother of all the deadly sins."

Edith Wharton
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 South African Rand dropped significantly against the greenback on growth concerns.
Fundamental News

EURUSD

The Single Currency headed down to $1.0835 as rate hikes woes spurred risk aversion, benefitting the safe-haven greenback.  

GBPUSD

The Pound Sterling slid to $1.2335  as the workers' strike and the indecision of policymakers for tax cuts in the U.K. trickled down to the market's morosity. 

USDJPY

The Japanese Yen rolled down some gains vis-a-vis the greenback at 130.25 despite fears that the Bank of Japan may soon exit its ultra-easy monetary policy. 

AUDUSD

The Australian Dollar remained depressed at $0.7035 on disappointing Retails Sales figures published this morning. 

USDCAD

The Canadian Dollar lost grounds against the U.S. dollar to trade at 1.3410 partly due to declining oil prices. 

USDZAR

The South African Rand weakened significantly against the greenback at 17.41, reflecting domestic growth concerns from the ongoing electricity crisis in the country. 

USDMUR

The U.S. dollar crawled further up at 44.95(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 EUR German Retail Sales

12:55 EUR German Unemployment

13:00 EUR ECB Bank Lending Survey

14:00 EUR Euro Zone GDP

18:00 USD Housing Price Index

19:00 USD Consumer Confidence

 

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
1.0973
1.2480
132.30
18.76
R2
1.0943
1.2448
131.44
18.26
R1
1.0898
1.2400
130.94
17.66
PP
1.0868
1.2368
130.08
16.68
S1
1.0823
1.2320
129.58
16.50
S2
1.0793
1.2288
128.72
16.00
S3
1.0748
1.2240
128.22
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.