Market Patrol 22th February 2023

"Things do not happen. Things are made to happen."

John F. Kennedy

Indicative Selling Rates
against MUR
USD

09 Jan 2025

AUD
29.76
0.6294

BWP
3.44
0.0728

CAD
33.16
1.4257

CNY
6.65
7.1109

DKK
6.63
7.1294

EUR
48.99
1.0361

HKD
6.17
7.6660

INR
0.56
84.5461

JPY
30.76
153.7057

KES
37.08
127.5072

NZD
26.72
0.5652

NOK
4.23
11.1808

SGD
35.12
1.3461

ZAR
2.59
18.2494

SEK
4.29
11.0102

CHF
52.22
1.1045

GBP
58.61
1.2397

USD
47.28
1.0000

AED
13.17
3.5893

The Cable climbed to $1.2100 on stronger British PMI, FOMC minutes eyed.

Fundamental News

EURUSD

The Single currency was little changed at $1.0655 amid a cautious mood ahead of the Federal Open Market Committee’s Monetary Policy Meeting Minutes.

GBPUSD

The Pound Sterling climbed to $1.2100 after data showed an unexpected bounce in British business activity, suggesting a smaller risk of recession.

USDJPY

The Japanese Yen dipped to 135.0 against the greenback in line with a one-month low in the Nikkei share average as global political tensions triggered a broad selling.

AUDUSD

The Australian Dollar cascaded to $0.6830 on the back of poorer-than-expected Australian Wage Price Index figures.

USDCAD

The Loonie tumbled to 1.3540 against the greenback in tandem with a fall in oil prices.

USDZAR

The South African Rand was on a losing streak at 18.24 against the U.S. dollar ahead on the much-awaited finance minister's budget speech later today.

USDMUR

The U.S. dollar clambered to 46.50(selling) against the rupee.

Fundamental & Technical Data

Economic Indicators-Local Time

13:00 EUR German Business Climate

13:00 CHF ZEW Survey

23:00 USD FOMC Minutes

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

1.0743

1.2337

136.32

20.82

1.0721

1.2242

135.77

19.24

1.0683

1.2177

135.40

18.75

1.0661

1.2082

134.85

16.70

1.0623

1.2017

134.48

16.48

1.0601

1.1922

133.93

15.99

1.0563

1.1857

133.56

15.29

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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