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Treasury

Daily Market Patrol

Market Patrol 17th September of 2024

Only I can change my life. No one can do it for me.

 

Carol Burnett
Indicative Selling Rates
against MUR
USD
17 Oct 2024
  • AUD
  • 31.82
  • 0.6785
  • BWP
  • 3.60
  • 0.0767
  • CAD
  • 34.36
  • 1.3651
  • CNY
  • 6.78
  • 6.9139
  • DKK
  • 6.92
  • 6.7748
  • EUR
  • 51.16
  • 1.0908
  • HKD
  • 6.12
  • 7.6573
  • INR
  • 0.57
  • 82.6868
  • JPY
  • 32.16
  • 145.8299
  • KES
  • 37.00
  • 126.7634
  • NZD
  • 28.68
  • 0.6115
  • NOK
  • 4.38
  • 10.7030
  • SGD
  • 36.27
  • 1.2930
  • ZAR
  • 2.75
  • 17.0628
  • SEK
  • 4.52
  • 10.3821
  • CHF
  • 54.46
  • 1.1613
  • GBP
  • 61.21
  • 1.3052
  • USD
  • 46.90
  • 1.0000
  • AED
  • 13.07
  • 3.5886
The dollar-rupee languished to 46.30 (selling) on broad U.S. dollar weakness.
Fundamental News

EURUSD
The Euro climbed to $1.1127 amid a lack of European Central Bank (ECB) dovishness and broad USD weakness. 

GBPUSD

The Pound Sterling edged higher to $1.3209 ahead of U.S. retail sales data due today.

USDJPY
The Japanese Yen retreated to 140.53 against the U.S. dollar, unfazed by positive Japan Tertiary Industry data released this morning.

AUDUSD
The Australian dollar soared to $0.6746 on growing speculation of a bumper rate cut by the Federal Reserve tomorrow.

USDCAD
The Canadian dollar slid to 1.3594  against its U.S. counterpart ahead of Canadian Inflation Rate Data.

USDZAR
The South African Rand extended gains to 17.61 against a weaker dollar as markets geared up for a week packed with interest rate announcements and a local inflation print.

USDMUR
The dollar-rupee eased to 46.30(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

13.00  EUR  ECB McCaul 

13.00 EUR   ZEW Economic Sentiment 

16.15 CAD   Housing Starts

16.30 USD    Core Retail Sales Data

16.30 CAD    Core CPI 

 

 

 

 

 

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
5.50%
20-Sep-2023
18-Sep-2024
European Central Bank
3.50%
12-Sep-2024
17-Oct-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
1.1219
1.3352
143.30
18.00
R2
1.1178
1.3286
142.60
17.91
R1
1.1156
1.3251
141.69
17.83
PP
1.1115
1.3185
140.99
17.75
S1
1.1093
1.3150
140.08
17.66
S2
1.1052
1.3084
139.38
17.58
S3
1.1030
1.3049
138.47
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.