Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 9th February 2023

"Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art." 

Andy Warhol
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 dipped on dovish Bank of Canada minutes.
Fundamental News

EURUSD

The Euro consolidated at $1.0735 ahead of the German Consumer Prices figure while officials from the Federal Reserve and the European Central Bank maintained their rate hike rhetoric. 

GBPUSD

The Cable inched higher at $1.2085 despite U.K.'s gloomy political and economic outlook. 

USDJPY

The Japanese Yen was slightly weaker at 131.65 against the greenback as recession fears faltered, reducing demand for the safe haven Yen.  

AUDUSD

The Australian Dollar attempted to reverse losses against the U.S. dollar but remained depressed at 0.6950 ahead of Chinese CPI data expected tomorrow. 

USDCAD

The Loonie surrendered yesterday's gains vis-a-vis the U.S. dollar as minutes from the Bank of Canada suggested policymakers are retracting from further interest rate hikes, therefore diverging from a hawkish Federal Reserve. 

USDZAR

The South African Rand plummeted to 17.70 against the greenback as the focus will be on President Cyril Ramaphosa's speech today, with much attention being put towards a solution to their worsening electricity crisis. 

USDMUR

The U.S. dollar settled at 45.80(selling) against the greenback. 

Fundamental & Technical Data
Economic Indicators-Local Time

13:45 GBP BoE Monetary Policy Hearings

14:00 EUR European Commission releases Economic Growth Forecasts

17:30 US Jobless Claims

22:00 EUR ECB's De Guindos 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
1.0798
1.2183
132.73
18.76
R2
1.0779
1.2146
132.13
18.26
R1
1.0747
1.2109
131.79
17.66
PP
1.0728
1.2072
131.19
16.68
S1
1.0696
1.2035
131.19
16.50
S2
1.0677
1.1998
130.85
16.00
S3
1.0645
1.1961
129.91
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.