Market Patrol 6th April 2023

"Quality is not an act, it is a habit."

Aristotle

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 tumbled on disappointing Eurozone PMI.

Fundamental News

EUR/USD
The Single currency tumbled to $1.0900 as Eurozone's S&P Global Composite PMI missed expectations yesterday.

GBP/USD
The Cable edged higher to $1.2490 after positive U.K. House price data this morning.

USD/JPY
The Japanese Yen retraced to 131.30 against the greenback after soaring to 130.60 on the back of weaker-than-expected U.S. ADP figures published yesterday.

AUD/USD
The Aussie extended decline to $0.6700 despite the release of positive Chinese Caixin Services PMI this morning.

USD/CAD
The Loonie is on the backfoot at 1.3460 against the U.S. dollar, ahead of Canadian employment figures expected this afternoon.

USD/ZAR
The South African Rand dwindled to 18.07 against the greenback, while no major local economic news influenced the pair.

USD/MUR
The dollar-rupee spiked to 45.90(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 USD Initial Jobless Claims

16:30 CAD Employment figures

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

1.1033

1.2587

133.12

20.82

1.1002

1.2550

132.48

19.24

1.0954

1.2506

131.91

18.75

1.0923

1.2469

131.27

17.04

1.0875

1.2425

130.70

16.55

1.0844

1.2388

130.06

16.06

1.0796

1.2344

129.49

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

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Head - Forex And Derivatives

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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.

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