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Treasury

Daily Market Patrol

Market Patrol 3rd April 2023

"Success is never final, failure is never fatal. It's courage that counts." 

John Wooden
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
USD/MUR under pressure after surprising BOM's intervention on last Friday
Fundamental News

EUR/USD
The Single currency plummeted to $1.0790 as the German Unemployment Rate and Retail Sales figures missed expectations last Friday.

 

GBP/USD
The Cable slid to $1.2280 on the resurgence of a stronger dollar as the Federal Reserve maintained a hawkish stance on Friday despite a slight drop in core  U.S. PCE inflation figure. 

 

USD/JPY
The Japanese Yen crumbled against the greenback, undermined by weaker-than-expected Tankan Large Manufacturing figures. 

 

AUD/USD
The Aussie was on the backfoot at $0.6660 amid a cautious move from market participants before tomorrow's Reserve Bank of Australia's interest rate decision. 

 

USD/CAD
The Loonie firmed at 1.3525 against the greenback amid a 6% increase in oil prices following OPEC's surprise cut on Sunday. 

 

USD/ZAR
The South African Rand declined to 17.90 against the U.S. dollar as South African shares dipped following last week's interest rate hike. 

 

USD/MUR
The dollar-rupee slumped to 45.95 (Selling) after the Bank of Mauritius intervened on Friday to sell a total amount of USD 10 million on the domestic foreign exchange market. 

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 GBP S&P Global Manufacturing PMI

17:30 CAD S&P Global Manufacturing PMI

17:45 USD S&P Global Manufacturing PMI

18:00 USD ISM Manufacturing Employment Index 

18:30 CAD Bank of Canada Business Outlook survey

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
1.0989
1.2492
134.40
20.82
R2
1.0958
1.2458
133.99
19.24
R1
1.0900
1.2394
133.40
18.75
PP
1.0869
1.2360
132.99
17.04
S1
1.0811
1.2296
132.40
16.55
S2
1.0780
1.2262
131.99
16.06
S3
1.0722
1.2198
131.40
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.