Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 18th September of 2024

Never give up, for that is just the place and time that the tide will turn.

 

Harriet Beecher Stowe
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 U.S. Dollar on the backfoot against the Yen ahead of tonight's FOMC.
Fundamental News

EURUSD
The Single currency backpedaled to $1.1120 after a brief visit post the $1.1140 level ahead of the Eurozone's core harmonized consumer prices today.  

GBPUSD

The Pound Sterling plummeted to $1.3155 as market participants await British consumer prices due this morning. 

USDJPY
The Japanese Yen jumped to 141.35 against the greenback this morning after sustaining significant losses to 142.45 ahead of U.S. Interest Rates Decision and Monetary Policy Statement. 

AUDUSD
The Australian dollar firmed at $0.6755, with no domestic data expected until the employment figures due tomorrow morning. 

USDCAD
The Loonie stable at 1.3590 against the U.S. Dollar as bets for a jumbo Fed rate cut coincided with falling oil prices, a Canadian main export. 

USDZAR
The South African Rand marched to a 5-day winning streak at 17.59 against the greenback, with the South African Reserve Bank expected to cut their interest rates on Thursday to 8%, making it still significantly higher than that of the United States. 

USDMUR
The dollar-rupee stayed put at 46.30(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 GBP Consumer Prices 

13:00 EUR Core Harmonized Index of Consumer Prices 

15:00 EUR German Buba President Nagel speech 

16:30 USD Building Permits 

21:30 CAD BoC Summary of Deliberations 

22:00 USD Fed Interest Rates Decision 

22:00 USD Fed Monetary Policy Statement 

22:30 USD FOMC Press Conference 

 

 

 

 

 

 

 

 

 

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
-
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
1.1171
1.3295
145.31
17.87
R2
1.1159
1.3262
143.89
17.81
R1
1.1136
1.3211
143.16
17.71
PP
1.1124
1.3178
141.74
17.60
S1
1.1101
1.3127
141.01
17.54
S2
1.1089
1.3094
139.59
17.48
S3
1.1066
1.3043
138.86
17.38
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.