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Treasury

Daily Market Patrol

Market Patrol 5th April 2023

“It’s hard to beat a person who never gives up.” 

Babe Ruth
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 U.S. Dollar on the backfoot as Factory Orders disappoint.
Fundamental News

EUR/USD
The Single currency rocketed to $1.0953 as the dollar weakened on lower-than-expected U.S. Factory Orders published yesterday. 

 

GBP/USD
The Cable advanced to $1.2495 as the Bank of England's Pill mentioned the persistence of domestically generated inflation and the need to keep assessing inflation prospects in the country. 

 

USD/JPY
The Japanese Yen surged to 131.50 against the greenback as U.S. Factory Orders missed expectations, while Treasury bond yields also took a breather at 3.35%.

 

AUD/USD
The Aussie tumbled to $0.6730 as the Reserve Bank of Australia's chair mentioned that pausing on rate hikes is to "assess how the various influences on the economy balance out". 

 

USD/CAD
The Loonie retracted to 1.3450 against the U.S. Dollar, reflecting the negative reading from the Bank of Canada Quarterly Business Outlook Survey. 

 

USD/ZAR
The South African Rand was little changed at 17.87 against the U.S. Dollar ahead of South Africa's S&P Global PMI today. 

 

USD/MUR
The dollar-rupee crumbled to 45.75(selling). 

Fundamental & Technical Data
Economic Indicators-Local Time

16:15 USD ADP Employment 

16:30 USD Goods Trade Balance 

16:30 CAD International Merchandise

17:45 USD S&P Global Composite

18:00 USD ISM Services

18:00 EUR ECB Lane speech

 

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
1.1082
1.2682
134.41
20.82
R2
1.1027
1.2603
133.79
19.24
R1
1.0992
1.2552
132.76
18.75
PP
1.0937
1.2473
132.14
17.04
S1
1.0902
1.2422
131.11
16.55
S2
1.0847
1.2343
130.49
16.06
S3
1.0812
1.2292
129.46
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.