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Daily Market Patrol

Market Patrol 23rd September of 2024

Success is to be measured not by wealth, power, or fame, but by the ratio between what a man is and what he might be.

 

H.G Wells
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 Aussie roared on RBA's expectation to hold interest rate tomorrow.
Fundamental News

EURUSD
The Euro was back and forth at $1.1164 amid growing speculation that the European Bank will leave its Deposit Facility rate unchanged at 3.5% in its October monetary policy meeting.

GBPUSD

The Pound Sterling plopped to $1.3314 ahead of the U.K. S&P Global Services PMI.

USDJPY
The Japanese Yen lost ground to 144.26  against the U.S. Dollar due to thin trading conditions from today's Japan Autumn holiday.

AUDUSD
The Australian dollar surged to $0.6824 as the Reserve Bank of Australia (RBA) is expected to keep the official Cash Rate steady at 4.35% tomorrow.

USDCAD
The Loonie unbothered at 1.3555 against the U.S. Dollar after positive Canadian Retail Sales data.

USDZAR
The South African Rand soared to 17.39 against the U.S. Dollar after interest rate cuts by the U.S. Federal Reserve and the South African Reserve Bank.

USDMUR
The dollar-rupee ran slowly to 46.25(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12.30 GBP S&P Global/UK Services PMI

12.30 GBP S&P Global/UK Manufacturing PMI

16.30 CAD New Housing Price Index

17.45 USD S&P Global US Manufacturing PMI

17.45 USD S&P Global Services  PMI

 

 

 

 

 

 

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
5.0%
18-Sep-2024
07-Nov-2024
European Central Bank
3.50%
12-Sep-2024
17-Oct-2024
Bank of England
5.00%
01-Aug-2024
07-Nov-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
8.00%
19-Sep-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
1.1231
1.3430
147.78
17.89
R2
1.1207
1.3385
146.14
17.78
R1
1.1185
1.3354
145.03
17.66
PP
1.1161
1.3309
143.39
17.50
S1
1.1139
1.3278
142.28
17.42
S2
1.1115
1.3233
140.64
17.31
S3
1.1093
1.3202
139.53
17.19
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.