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Treasury

Daily Market Patrol

Market Patrol 9th March 2023

"Aim for the moon. If you miss, you may hit a star." 

W. Clement Stone
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 slid on dovish Bank of Canada's Interest Rate Decision.
Fundamental News

EURUSD

The Single Currency steadied at $1.0545 as GDP figures and Employment Change data for the Eurozone missed expectations yesterday. 

GBPUSD

The Cable licked its wounds at $1.1850 after a Reuters report highlighting the British Chambers of Commerce forecast that the U.K.'s economy is on track to shrink less than expected this year. 

USDJPY

The Japanese Yen recovered to 136.85 against the greenback as Federal Reserve's chair, Jerome Powell, softened his hawkish stance on interest rates in his second testimony to Congress yesterday.

AUDUSD

The Australian Dollar climbed to $0.6605 despite a fall in Chinese CPI published this morning. 

USDCAD

The Loonie slid further at 1.3815 against the U.S. dollar partly due to the Bank of Canada governor's decision to keep rates unchanged, cementing a much anticipated dovish move relative to the Federal Reserve. 

USDZAR

The South African Rand regained traction and traded at 18.57 against the U.S. dollar, challenging data published in the country that showed steep economic contraction. 

USDMUR

The U.S. dollar settled at 47.30(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 USD Initial Jobless Claims

22:30 CAD BoC's Rogers 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
1.0619
1.1923
139.45
20.82
R2
1.0597
1.1891
138.68
19.24
R1
1.0570
1.1868
138.02
18.75
PP
1.0548
1.1836
137.25
17.04
S1
1.0521
1.1813
136.59
16.55
S2
1.0499
1.1781
135.82
16.06
S3
1.0472
1.1758
135.16
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
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.