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Treasury

Daily Market Patrol

Market Patrol 4th April 2023

"A creative man is motivated by the desire to achieve, not by the desire to beat others.

Ayn Rand
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 Aussie climbed, withstanding Reserve Bank of Australia's status-quo on rates.
Fundamental News

EUR/USD
The Single currency spiked to $1.0890, sponsored by weaker-than-expected U.S. ISM Manufacturing PMI and Manufacturing Prices Paid figures. 

 

GBP/USD
The Cable hoisted to $1.2400 despite a negative reading from the S&P CIPS Manufacturing data for the U.K. yesterday. Market participants shall look for further clues from today's Bank of England member Pill's speech.

 

USD/JPY
The Japanese Yen slid to 132.70 against the greenback, partly due to an increase in the scale of foreign bond buying in Japan.

 

AUD/USD
The Aussie climbed to $0.6765 as the Reserve Bank of Australia chose to keep interest rates unchanged but warned future rate hikes are still on the table.  

 

USD/CAD
The Loonie hopped to 1.3434 against the U.S. Dollar ahead of Unemployment figures due this Thursday. 

 

USD/ZAR
The South African Rand traded sideways at 17.84 as jitters around OPEC's supply cut affecting emerging economies settled. 

 

USD/MUR
The dollar-rupee is unchanged at 45.95(selling). 

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.