Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 8th February 2023

"An artist cannot fail; it is a success to be one."

Charles Horton Cooley
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 gyrated against the greenback on Jerome Powell's speech
Fundamental News

EURUSD

The Euro gyrated against the greenback at $1.0735 on Jerome Powell's speech, stating that inflation is expected to drop in 2023, while also maintaining the necessity of further rate hikes. 

GBPUSD

The Pound Sterling hovered within close bounds at $1.2055 as market participants expect the Bank of England to soon end its series of rate hikes, while no significant data are expected for the British economy until this Friday. 

USDJPY

The Japanese Yen spiked to 131.10 against the greenback, as the effect of the Bank of Japan's stealth intervention faded away, shifting the focus to who will replace Kuroda. 

AUDUSD

The Australian Dollar climbed to $0.6965 in line with the optimism portrayed by Australian Treasurer Chalmers that no recession is expected in 2023. 

USDCAD

The Loonie regained lost grounds and traded at 1.3385 against the US dollar, boosted by a rise in oil prices on the last two consecutive days. 

USDZAR

The South African Rand licked its wounds against the greenback at 17.52 despite little reforms are expected at the much anticipated Cyril Ramaphosa's annual State of the Nation address this Thursday. 

USDMUR

The U.S. dollar hoisted to 45.80(selling) against the greenback. 

Fundamental & Technical Data
Economic Indicators-Local Time

18:20 USD Fed's Williams Speech

22:45 USD Fed's Waller 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
1.0870
1.2243
134.59
18.76
R2
1.0818
1.2169
133.65
18.26
R1
1.0773
1.2109
132.36
17.66
PP
1.0721
1.2035
131.42
16.68
S1
1.0676
1.1975
130.13
16.50
S2
1.0624
1.1901
129.19
16.00
S3
1.0579
1.1841
127.90
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.