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Treasury

Daily Market Patrol

Market Patrol 3rd of September 2024

You just can't beat the person who never gives up.

Babe Ruth
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 Single currency ticked higher on positive EU Purchasing Managers Index (PMI).
Fundamental News

EURUSD
The Shared currency edged higher to $1.1055 following a positive Eurozone Manufacturing Purchasing Managers Index (PMI).

GBPUSD

The Pound Sterling is on the back foot at $1.3127 on rate cut expectations by the Bank of England for the remaining year.

USDJPY
The Japanese Yen inched up to 146.15 against the greenback underpinned by the Japanese government to allocate ¥989 billion in funding energy subsidies.

AUDUSD
The Australian dollar nosedived to $0.6737 amid a downbeat Australia Current Account to -10.7B below anticipation of -4.5B.

USDCAD
The Canadian dollar firmed at 1.3527  against its U.S. counterpart ahead of the U.S. Manufacturing Purchasing Managers Index (PMI) due today.

USDZAR
The South African rand meandered to 17.85 against the U.S. dollar, unbothered by a slide in South Africa Manufacturing Purchasing Index (PMI) released yesterday.

USDMUR
The dollar-rupee fell by 1 cent to 47.12(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

13.30 ZAR GDP (YoY)

17.45 USD S&P Global US Manufacturing PMI

18.00 USD ISM Manufacturing PMI.

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
1.1122
1.3198
148.86
18.00
R2
1.1100
1.3176
148.01
17.91
R1
1.1086
1.3162
147.47
17.83
PP
1.1064
1.3140
146.62
17.75
S1
1.1050
1.3126
146.08
17.66
S2
1.1028
1.3104
145.23
17.58
S3
1.1014
1.3090
144.69
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.