Market Patrol 6th April 2023

"Quality is not an act, it is a habit."

Aristotle

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 Euro tumbled on disappointing Eurozone PMI.

Fundamental News

EUR/USD
The Single currency tumbled to $1.0900 as Eurozone's S&P Global Composite PMI missed expectations yesterday.

GBP/USD
The Cable edged higher to $1.2490 after positive U.K. House price data this morning.

USD/JPY
The Japanese Yen retraced to 131.30 against the greenback after soaring to 130.60 on the back of weaker-than-expected U.S. ADP figures published yesterday.

AUD/USD
The Aussie extended decline to $0.6700 despite the release of positive Chinese Caixin Services PMI this morning.

USD/CAD
The Loonie is on the backfoot at 1.3460 against the U.S. dollar, ahead of Canadian employment figures expected this afternoon.

USD/ZAR
The South African Rand dwindled to 18.07 against the greenback, while no major local economic news influenced the pair.

USD/MUR
The dollar-rupee spiked to 45.90(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 USD Initial Jobless Claims

16:30 CAD Employment figures

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

1.1033

1.2587

133.12

20.82

1.1002

1.2550

132.48

19.24

1.0954

1.2506

131.91

18.75

1.0923

1.2469

131.27

17.04

1.0875

1.2425

130.70

16.55

1.0844

1.2388

130.06

16.06

1.0796

1.2344

129.49

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

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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.

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