Market Patrol 23rd December 2022

The future belongs to those who believe in the beauty of their dreams

Eleanor Roosevelt

Indicative Selling Rates
against MUR
USD

15 Jan 2025

AUD
29.79
0.6292

BWP
3.43
0.0726

CAD
33.27
1.4229

CNY
6.66
7.1114

DKK
6.64
7.1328

EUR
49.01
1.0354

HKD
6.17
7.6752

INR
0.56
85.1083

JPY
30.82
153.5780

KES
37.13
127.5093

NZD
26.80
0.5661

NOK
4.25
11.1335

SGD
35.15
1.3467

ZAR
2.59
18.2579

SEK
4.30
11.0196

CHF
52.22
1.1031

GBP
58.07
1.2267

USD
47.34
1.0000

AED
13.19
3.5889

The Greenback slightly recovered after U.S. data pointed to labor market strength

Fundamental News

EUR/USD
The Shared currency dropped to $1.0605 after U.S. data pointed to labor market strength that could keep the Federal Reserve hawkish for longer.

GBP/USD
The cable grinded lower to $1.2032 with a downward revision of the yearly growth rate to 1.9% from 2.4% adding to a bleak outlook for the UK economy.

USD/JPY
The Japanese yen lost some ground to 132.69 against the U.S. dollar after US figures came in above expectations and triggered a rally of the US Dollar and 10-year US bond yield.

AUD/USD
The Aussie dollar slipped to $0.6680 on downbeat Australian data earlier today.

USD/CAD
The Loonie pressured down to 1.3632 against the U.S. dollar but capped losses amid a bounce in the WTI crude oil.

USD/ZAR
South Africa's rand held on to gains at 17.16 per U.S. dollar, despite the dollar's recovery on the back of strong economic data that showed the U.S. economy rebounded faster than previously estimated in the third quarter.

USD/MUR
The dollar-ruppee idled at 44.10(Selling).

Fundamental & Technical Data

Economic Indicators-Local Time

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

4.50%

01-Jan-0001

01-Feb-2023

European Central Bank

2.50%

01-Jan-0001

02-Feb-2023

Bank of England

3.50%

01-Jan-0001

02-Feb-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

1.0734

1.2284

133.92

18.60

1.0697

1.2216

133.31

17.95

1.0648

1.2129

132.85

17.64

1.0611

1.2061

132.24

17.19

1.0562

1.1974

131.78

17.09

1.0525

1.1906

131.17

16.10

1.0476

1.1819

130.71

15.12

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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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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