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Treasury

Daily Market Patrol

Market Patrol 24th April 2023

A successful trader must learn to be a good loser before he can start winning

Arian Adeli Koodeh
Indicative Selling Rates
against MUR
USD
20 Dec 2024
  • AUD
  • 30.10
  • 0.6322
  • BWP
  • 3.54
  • 0.0745
  • CAD
  • 33.29
  • 1.4301
  • CNY
  • 6.72
  • 7.0815
  • DKK
  • 6.71
  • 7.0904
  • EUR
  • 49.58
  • 1.0414
  • HKD
  • 6.22
  • 7.6568
  • INR
  • 0.57
  • 83.7507
  • JPY
  • 31.08
  • 153.1735
  • KES
  • 37.41
  • 127.2757
  • NZD
  • 27.03
  • 0.5677
  • NOK
  • 4.24
  • 11.2216
  • SGD
  • 35.54
  • 1.3396
  • ZAR
  • 2.68
  • 17.7715
  • SEK
  • 4.37
  • 10.8960
  • CHF
  • 53.34
  • 1.1203
  • GBP
  • 59.72
  • 1.2543
  • USD
  • 47.61
  • 1.0000
  • AED
  • 13.26
  • 3.5895
The Japanese Yen eased after the Bank of Japan reiterated the need for monetary expansion.
Fundamental News

EUR/USD
The Single currency climbed to $1.0981 after data showed the euro zone’s April PMI rose to an 11-month high of 54.4 in April from March’s 53.7.

 

GBP/USD
The Pound recovered to $1.2436 as Friday's Purchasing Managers' Index (PMI) figure signaled the most robust growth since April last year.

 

USD/JPY
The Yen fell to 134.40 versus the greenback in Asia this morning as new Bank of Japan Governor Ueda has reiterated the need for keeping monetary policy expansionary on the expectation that Japan inflation will peak sooner.

 

AUD/USD
The Australian Dollar stretched its downside below $0.6700 on U.S. dollar strength, amid Fed policymakers are not ready to tone down their hawkish stance on U.S. interest rates despite slowdown fears.

 

USD/CAD

The Canadian dollar extended its decline to 1.3560 against the greenback, undermined by weak domestic Retail Sales data, which fell by 0.2 % in a month, following January's 1.4% increase.

 

USD/ZAR
The South African Rand was a tad lower at 18.10 versus the U.S. dollar this morning as the rising expectation that the U.S. Federal Reserve will raise interest rates by 25 basis points in May lent support to the greenback.

 

USD/MUR
The USD/MUR edged lower by 5 cents to 45.45 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - EUR - German Business Expectations (Apr)

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
01-Jan-0001
-
European Central Bank
2.50%
02-Feb-2023
-
Bank of England
4.0%
02-Feb-2023
-
Bank of Japan
-0.10%
01-Jan-0001
-
Reserve Bank of Australia
3.10%
01-Jan-0001
-
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
1.1064
1.2553
135.50
20.82
R2
1.1029
1.2500
135.00
19.24
R1
1.1009
1.2472
134.56
18.75
PP
1.0974
1.2419
134.06
17.04
S1
1.0954
1.2391
133.62
16.55
S2
1.0919
1.2338
133.12
16.06
S3
1.0899
1.2310
132.68
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
Weekly Market Update by Reshma Peerun Rajwani
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.