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Daily Market Patrol

Market Patrol 7th March 2023

"No one can figure out your worth but you."

Pearl Bailey
Indicative Selling Rates
against MUR
USD
30 Dec 2024
  • AUD
  • 30.06
  • 0.6338
  • BWP
  • 3.48
  • 0.0734
  • CAD
  • 33.22
  • 1.4276
  • CNY
  • 6.70
  • 7.0810
  • DKK
  • 6.73
  • 7.0475
  • EUR
  • 49.70
  • 1.0479
  • HKD
  • 6.20
  • 7.6503
  • INR
  • 0.56
  • 84.1374
  • JPY
  • 30.86
  • 153.6994
  • KES
  • 37.27
  • 127.2693
  • NZD
  • 27.08
  • 0.5709
  • NOK
  • 4.27
  • 11.1133
  • SGD
  • 35.51
  • 1.3358
  • ZAR
  • 2.63
  • 18.0027
  • SEK
  • 4.37
  • 10.8432
  • CHF
  • 52.92
  • 1.1158
  • GBP
  • 59.97
  • 1.2643
  • USD
  • 47.43
  • 1.0000
  • AED
  • 13.21
  • 3.5895
The Single Currency crawled higher on hawkish European Central Bank's member.
Fundamental News

EURUSD

The Single currency climbed to $1.0695 on hawkish comments from European Central Bank policymaker Robert  Holzmann who called for another four 50 basis point lift to rates. 

GBPUSD

The Cable hoisted to $1.2045 on early morning positive Retail Sales figures for the British economy. 

USDJPY

The Japanese Yen was little changed at 135.90 against the U.S. dollar as market participants await Federal Reserve's chair, Jerome Powell's speech tonight. 

AUDUSD

The Australian Dollar dipped to $0.6715 following a much anticipated 25 basis points rate increase by the Reserve Bank of Australia, confirming their dovish bias compared to the Federal Reserve's stance on rates. 

USDCAD

The Canadian Dollar consolidated at 1.3610 against the greenback on sluggish oil market. 

USDZAR

The South African Rand was on the back foot at 18.23 against the U.S. Dollar following the expectation of a cabinet reshuffle by President Ramaphosa. 

USDMUR

The U.S. dollar spiked to 47.05(selling) against the rupee. 

Fundamental & Technical Data
Economic Indicators-Local Time

10:45 CHF Unemployment Rate

19:00 USD Fed's Chair Powell 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
1.0784
1.2108
137.11
20.82
R2
1.0740
1.2079
136.65
19.24
R1
1.0711
1.2052
136.29
18.75
PP
1.0667
1.2023
135.83
16.70
S1
1.0638
1.1996
135.47
16.48
S2
1.0594
1.1967
135.01
15.99
S3
1.0565
1.1940
134.65
15.29
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.