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Treasury

Daily Market Patrol

Market Patrol 11th September of 2024

Every time you get angry, you poison your own system.

 

Alfred A. Montapert
Indicative Selling Rates
against MUR
USD
18 Oct 2024
  • AUD
  • 31.93
  • 0.6800
  • BWP
  • 3.59
  • 0.0765
  • CAD
  • 34.32
  • 1.3682
  • CNY
  • 6.80
  • 6.9098
  • DKK
  • 6.92
  • 6.7819
  • EUR
  • 51.15
  • 1.0893
  • HKD
  • 6.13
  • 7.6574
  • INR
  • 0.57
  • 82.7282
  • JPY
  • 32.13
  • 146.1389
  • KES
  • 37.04
  • 126.7656
  • NZD
  • 28.71
  • 0.6114
  • NOK
  • 4.40
  • 10.6840
  • SGD
  • 36.30
  • 1.2937
  • ZAR
  • 2.76
  • 17.0450
  • SEK
  • 4.52
  • 10.3954
  • CHF
  • 54.57
  • 1.1621
  • GBP
  • 61.44
  • 1.3084
  • USD
  • 46.96
  • 1.0000
  • AED
  • 13.09
  • 3.5883
The Shared Currency edged higher ahead of U.S. Consumer Price Index (CPI).
Fundamental News

EURUSD
The Euro hopped to $1.1050 ahead of U.S. inflation data scheduled this afternoon.

GBPUSD

The Pound Sterling rose to $1.3098 despite U.K. GDP sliding to  0% in July versus 0.2% below estimates.

USDJPY
The Japanese Yen reached its highest level of the year at 140.70 against the U.S. dollar following a speech by Bank of Japan board member Junko Nakagawa, who reiterated the central bank's commitment to raising interest rates if the economy and inflation align with its forecasts.

AUDUSD
The Australian dollar weakened to $0.6655 after Australia's Consumer and Business sentiment continued to deteriorate, dragging down the Aussie.

USDCAD
The Canadian dollar faltered to 1.3596 against its U.S. counterpart on dovish comments from Bank of Canada (BoC) Governor Tiff Macklem, stating that deeper rate cuts could be appropriate.

USDZAR
The South African subsided to 17.90 against the greenback, unfazed by an uptick in South African manufacturing data.

USDMUR
The dollar-rupee opened flat at 46.50(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

16.30  USD Core CPI 

18.00  EUR  German Buba Vice President Buch Speaks.

18.30  USD  Crude oil Inventories

 

 

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
5.50%
20-Sep-2023
18-Sep-2024
European Central Bank
4.25%
26-Oct-2023
12-Sep-2024
Bank of England
5.00%
01-Aug-2024
19-Sep-2024
Bank of Japan
0.25%
31-Jul-2024
19-Sep-2024
Reserve Bank of Australia
4.35%
07-Nov-2023
24-Sep-2024
S.Africa Reserve Bank
8.25%
23-Nov-2023
19-Sep-2024
Reserve Bank of India
6.50%
04-Oct-2023
09-Oct-2024
Bank of Mauritius
4.50%
04-Nov-2022
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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
1.1076
1.3167
144.88
18.00
R2
1.1063
1.3137
144.30
17.91
R1
1.1041
1.3109
143.37
17.83
PP
1.1028
1.3079
142.79
17.75
S1
1.1006
1.3051
141.86
17.66
S2
1.0993
1.3021
141.28
17.58
S3
1.0971
1.2993
140.35
17.49
Technical Analysis - Forex Charts
EUR/USD Outlook- Likely to take a breather before a big jump forward
Chart updated on 08.05.2023
USD/MUR Outlook Bearish turn ahead !
Chart posted on 08.05.2023
EUR/MUR- A continuation of the uptrend!
Chart posted on 08.05.2023
The Pound is expected to experience a short-term rally before trending lower in wave C of a Zig-Zag corrective pattern
Chart posted on 12.08.2024
USD/ZAR bearish with potential for further downside to 17.50 (August 2023 level).
Chart posted on 13.03.2024
Yen bull, taking a breather before resuming its rally! 137.00
Chart posted on 12.08.2024
USDCAD - Medium term view
Chart posted on 27.08.2024
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.