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Treasury

Daily Market Patrol

Market Patrol 3rd March 2023

"Today is your opportunity to build the tomorrow you want."

Ken Poirot
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 Canadian Dollar hailed by higher oil prices.
Fundamental News

EURUSD

The Single currency was on the back foot at $1.0600 partly due to a positive U.S. Initial Jobless Claim published yesterday. 

GBPUSD

The Cable was on thin ice at $1.1965 despite bullish remarks from the Bank of England's Pill, stating that the current momentum in economic activity may be slightly stronger than anticipated. 

USDJPY

The Japanese Yen oscillated within tight ranges and traded at 136.70 against the greenback on lacklustre economic catalysts for the rising sun's economy.

AUDUSD

The Australian Dollar barely budged at $0.6745 despite the upbeat Chinese Caixin Services PMI this morning. 

USDCAD

The Canadian Dollar hopped to 1.3580 against the greenback, underpinned by higher oil prices. 

USDZAR

The South African Rand wobbled at 18.18 against the greenback amid S&P Global's South Africa PMI Survey due on Friday. 

USDMUR

The U.S. dollar is stuck in a rut at 46.80(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 EUR German Trade Balance

12:30 EUR ECB's De Guindos speech

12:55 EUR German Composite PMI

13:30 GBP Global/CIPS Composite PMI

18:45 USD Global/Composite PMI

19:00 USD ISM Services Prices Paid 

20:00 USD Fed's Logan speech

20:45 USD Fed's Bostic 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
1.0750
1.2128
138.30
20.82
R2
1.0712
1.2082
137.70
19.24
R1
1.0654
1.2016
137.23
18.75
PP
1.0616
1.1970
136.63
16.70
S1
1.0558
1.1904
136.16
16.48
S2
1.0520
1.1858
135.56
15.99
S3
1.0462
1.1792
135.09
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.