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Treasury

Daily Market Patrol

Market Patrol 01 April 2026

Be kind whenever possible. It is always possible. 

Dalai Lama
Indicative Selling Rates
against MUR
USD
02 Apr 2026
  • AUD
  • 34.10
  • 0.7197
  • BWP
  • 3.47
  • 0.0733
  • CAD
  • 35.71
  • 1.3269
  • CNY
  • 7.31
  • 6.4809
  • DKK
  • 7.66
  • 6.1820
  • EUR
  • 54.93
  • 1.1594
  • HKD
  • 6.27
  • 7.5620
  • INR
  • 0.54
  • 88.4784
  • JPY
  • 31.33
  • 151.2400
  • KES
  • 37.71
  • 125.6425
  • NZD
  • 28.37
  • 0.5987
  • NOK
  • 5.05
  • 9.3848
  • SGD
  • 38.21
  • 1.2400
  • ZAR
  • 2.93
  • 16.1926
  • SEK
  • 5.23
  • 9.0535
  • CHF
  • 61.59
  • 1.3000
  • GBP
  • 63.02
  • 1.3302
  • USD
  • 47.38
  • 1.0000
  • AED
  • 13.43
  • 3.5269
The Australian dollar was stronger following the expectations of a ceasefire in the Middle East after both the United States and Iran signaled a willingness to bring the conflict to an end.
Fundamental News

EUR/USD

The Euro recovered to $1.1576 amid easing tensions in the Middle East where U.S President Donald Trump stated yesterday that the United States would be withdrawing from the Iran conflict very soon, indicating that a pullout could happen within two to three weeks.

GBP/USD

The Pound Sterling rolled back to 1.3263 versus the greenback as appetite for higher-risk assets has strengthened, following Iran’s indication that it is open to ending the conflict with the United States.

USD/JPY

The Japanese Yen retreated to 158.67 against the U.S dollar as the Bank of Japan’s hawkish March Summary of Opinions suggested the possibility of a larger-than-usual interest rate increase if current conditions persist.

AUD/USD

The Australian dollar was stronger at $0.6915 following the expectations of a ceasefire in the Middle East after both the United States and Iran signaled a willingness to bring the conflict to an end.

USD/CAD

The Canadian Dollar climbed to $1.3906 amid oil prices which have fallen by roughly 5% over the past two days, providing some support to the Loonie’s rebound.

USD/ZAR

The South African Rand leaned upward to $16.9084 on hopes of a de-escalation in the Iran conflict.

USD/MUR

The Dollar-Rupee slipped by 32 cents to 47.24 (selling) this morning. 

Fundamental & Technical Data
Economic Indicators-Local Time

11:15 AM EUR HCOB Manufacturing PMI (Mar)

11:45 AM EUR HCOB Manufacturing PMI (Mar)

11:55 AM EUR HCOB Manufacturing PMI (Mar)

1:00 PM EUR Unemployment Rate (Feb)

2:30 PM EUR ECB's Cipollone speech

4:15 PM USD ADP Employment Change (Mar)

4:30 PM USD Retail Sales (MoM) (Feb)

4:30 PM USD Retail Sales Control Group (Feb)

4:30 PM USD Retail Sales ex Autos (MoM) (Feb)

5:05 PM USD Fed's Musalem speech

5:10 PM USD Fed's Barr speech

6:00 PM USD ISM Manufacturing Employment Index (Mar)

6:00 PM USD ISM Manufacturing New Orders Index (Mar)

6:00 PMUSD ISM Manufacturing PMI (Mar)

6:00 PM USD ISM Manufacturing Prices Paid (Mar)


5:30 PM
CAD S&P Global Manufacturing PMI (Mar)

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4.0%
28-Oct-2025
09-Dec-2025
European Central Bank
2.00%
24-Jun-2025
18-Dec-2025
Bank of England
4.00%
07-Aug-2025
18-Dec-2025
Bank of Japan
0.5%
30-Jul-2025
19-Dec-2025
Reserve Bank of Australia
3.6%
20-May-2025
09-Dec-2025
S.Africa Reserve Bank
6.75%
20-Nov-2025
29-Jan-2026
Reserve Bank of India
5.5%
06-Jun-2025
05-Dec-2025
Bank of Mauritius
4.50%
04-Feb-2025
18-Dec-2025
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
1.1713
1.3379
161.01
17.46
R2
1.1638
1.3322
160.50
17.34
R1
1.1596
1.3274
159.62
17.02
PP
1.1521
1.3217
159.11
16.89
S1
1.1479
1.3169
158.23
16.82
S2
1.1404
1.3112
157.72
16.70
S3
1.1362
1.3064
156.84
16.50
Technical Analysis - Forex Charts
EUR/USD Outlook- A setback is anticipated following the recent rally to $1.1566 in April 2025
Chart updated on 26.05.2023
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
The Rand, an emerging market’s hero.
Chart posted on 24.09.2024
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
USD/JPY – Taking a step back to take two steps forward
Chart posted on 26.09.2024
The Aussie dollar- Medium Term View
Chart posted on 21.01.2025
Chart posted on 21.01.2025
Weekly Market Update by Devisha Ramsurrun
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.