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Treasury

Daily Market Patrol

Market Patrol 25th April 2023

" I'm only rich because I know when I'm wrong

George Soros
Indicative Selling Rates
against MUR
USD
23 Dec 2024
  • AUD
  • 30.07
  • 0.6355
  • BWP
  • 3.51
  • 0.0742
  • CAD
  • 33.24
  • 1.4232
  • CNY
  • 6.68
  • 7.0797
  • DKK
  • 6.72
  • 7.0362
  • EUR
  • 49.65
  • 1.0494
  • HKD
  • 6.18
  • 7.6570
  • INR
  • 0.57
  • 83.7046
  • JPY
  • 31.01
  • 152.5601
  • KES
  • 37.32
  • 126.7783
  • NZD
  • 27.02
  • 0.5712
  • NOK
  • 4.28
  • 11.0662
  • SGD
  • 35.48
  • 1.3335
  • ZAR
  • 2.68
  • 17.6547
  • SEK
  • 4.36
  • 10.8593
  • CHF
  • 53.28
  • 1.1261
  • GBP
  • 59.82
  • 1.2645
  • USD
  • 47.31
  • 1.0000
  • AED
  • 13.18
  • 3.5893
The Pound and the Euro rallied on higher interest rates expectations.
Fundamental News

EUR/USD
The Single currency spiked to $1.1050, bolstered by solidifying expectations of further ECB rate hikes of almost a full percentage point before year-end.

GBP/USD
The Pound trickled higher to $1.2478 on the expectation that the Bank of England to keep hiking rates to arrest persistent inflation in the U.K.

USD/JPY
The Yen locked in a topsy-turvy move in the range of 134.10 to 134.60 after new Governor Uade declined to specify how the Bank of Japan might phase out the Yield Curve Control.

AUD/USD
The Australian Dollar continued its slow down to $0.6678 as the market is closed for The Australian and New Zealand Army Corps (ANZAC) Day. 

USD/CAD

The Loonie is on the backfoot at 1.3560 against the greenback as investors awaited the release of the minutes from the Bank of Canada's latest meeting this week. 

USD/ZAR
The South African Rand slipped to 18.16 on risk aversion as investors braced for a week of high-profile quarterly earnings and closely watched economic data.

USD/MUR
The USD/MUR drifted lower to 45.35 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

17.30 - USD - Building Permits.

18.00- USD- CB consumer Confidence (April)

18.00- USD- New Home Sales ( March)

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
1.1160
1.2586
135.54
20.82
R2
1.1105
1.2536
135.13
19.24
R1
1.1076
1.2511
134.70
18.75
PP
1.1021
1.2461
134.29
17.04
S1
1.0992
1.2436
133.86
16.55
S2
1.0937
1.2386
133.45
16.06
S3
1.0908
1.2361
133.02
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.