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Treasury

Daily Market Patrol

Market Patrol 4th of September 2024

Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.

Helen Keller
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 dollar-rupee tumbled to 46.56 amid BOM intervention this morning.
Fundamental News

EURUSD
The Shared Currency steadied at $1.1057 amid a mix U.S ISM Manufacturing Purchasing Managers data.

GBPUSD

The Pound Sterling eased to $1.3115 ahead of U.K Composite and Services PMI due today.

USDJPY
The Japanese Yen advanced to 145.21 against the greenback unfazed by the drop-in Japan Services PMI.

AUDUSD
The Australian dollar dipped to $0.6710 despite data showed an improvement in domestic GDP earlier today.

USDCAD
The Canadian dollar plopped to 1.3541 against its U.S. counterpart ahead of Canada Interest Rate Decision.

USDZAR
The South African rand crumbled to 18.02 against the U.S. dollar after domestic data showed the country's second-quarter economic growth was weaker than expected.

USDMUR
The dollar-rupee dived by 56 cents to 46.56(selling) this morning upon Bank of Mauritius intervention.

Fundamental & Technical Data
Economic Indicators-Local Time

12.30 GBP S&P Global/ UK Services PMI.

17.45 CAD BoC Interest Rate Decision.

18.00 USD  JOLTs Job Openings

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
1.1132
1.3216
148.78
18.00
R2
1.1108
1.3185
147.99
17.91
R1
1.1075
1.3150
146.73
17.83
PP
1.1051
1.3119
145.94
17.75
S1
1.1018
1.3084
144.68
17.66
S2
1.0994
1.3053
143.89
17.58
S3
1.0961
1.3018
142.63
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.