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Treasury

Daily Market Patrol

Market Patrol 3rd February 2023

"Do what you can, with what you have, where you are."

Theodore Roosevelt
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 retreated against the greenback despite European Central Bank's rate hike
Fundamental News

EURUSD

The Single currency flipped to the downside to $1.0890 despite the much anticipated 50 basis points interest rate increase by the European Central Bank.

GBPUSD

The Cable dipped to $1.2210 as market participants shrugged off the case for a possible dovish Federal Reserve, while also ignoring the hawkish Bank of England's interest rate hike of 50 basis points yesterday. 

USDJPY

The Japanese Yen continued to progress against the greenback, reaching 128.55 ahead of US Non-Farm Payroll this afternoon, while current Bank of Japan's governor reiterated the need to maintain ultraloose monetary policy.

AUDUSD

The Australian dollar slid to $0.7060 in contradiction with positive Chinese PMI figures published this morning.

USDCAD

The Loonie retraced to 1.3320 against the US dollar in line with shrinking Canadian Building Permits data published yesterday. 

USDZAR

The South African Rand wobbled at 17.09 against the greenback, taking its cues entirely from international factors as there was no domestic data release yesterday. 

USDMUR

The U.S. dollar jumped to 45.10(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

12:55 EUR Germain S&P Global Composite PMI

13:00 EUR Eurozone S&P Global Composite PMI

17:00 EUR ECB's Elderson speech

17:30 USD US Non-Farm Payroll

19:00 USD US ISM Services PMI

 

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
1.1148
1.2520
130.22
18.76
R2
1.1090
1.2460
129.68
18.26
R1
1.1001
1.2342
129.18
17.66
PP
1.0943
1.2282
128.64
16.68
S1
1.0854
1.2164
128.14
16.50
S2
1.0796
1.2104
127.60
16.00
S3
1.0707
1.1986
127.10
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.