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Treasury

Daily Market Patrol

Market Patrol 02 February 2026

"Don't go through life, grow through life."  -- Eric Butterworth

Indicative Selling Rates
against MUR
USD
27 Mar 2026
  • AUD
  • 34.13
  • 0.7229
  • BWP
  • 3.43
  • 0.0727
  • CAD
  • 35.74
  • 1.3211
  • CNY
  • 7.26
  • 6.5035
  • DKK
  • 7.64
  • 6.1772
  • EUR
  • 54.78
  • 1.1601
  • HKD
  • 6.25
  • 7.5548
  • INR
  • 0.53
  • 89.3018
  • JPY
  • 31.18
  • 151.4208
  • KES
  • 37.63
  • 125.4882
  • NZD
  • 28.57
  • 0.6051
  • NOK
  • 5.08
  • 9.2966
  • SGD
  • 38.15
  • 1.2377
  • ZAR
  • 2.91
  • 16.2499
  • SEK
  • 5.25
  • 8.9867
  • CHF
  • 61.63
  • 1.3052
  • GBP
  • 63.33
  • 1.3411
  • USD
  • 47.22
  • 1.0000
  • AED
  • 13.39
  • 3.5266
The Australian dollar edged lower despite China’s Manufacturing PMI rising to 50.3 in January and with markets focused on tomorrow’s RBA rate decision.
Fundamental News

EUR/USD

The Euro softened to 1.1850 versus the U.S Dollar after Kevin Warsh was nominated as the next Fed Chair, a development markets saw as pointing to a more disciplined approach to monetary easing.

GBP/USD

The Pound Sterling fell to 1.3665 against the greenback capped by expectations that the Bank of England will keep rates unchanged at its next meeting this coming Thursday.

USD/JPY

The Japanese Yen weakened to 154.85 per U.S Dollar as the BoJ sticks to a gradual tightening approach mentioning a weaker yen supports exports and helps shield the auto sector from US tariffs.

AUD/USD

The Australian dollar edged lower to 0.6919 despite China’s Manufacturing PMI rising to 50.3 in January and with markets focused on tomorrow’s RBA rate decision.

USD/CAD

The Canadian Dollar faced pressure near $1.3650 as oil prices decline.

USD/ZAR

The South African Rand slipped to 16.25 against the greenback as the U.S dollar firmed and commodity drivers eased.

USD/MUR

The Dollar-Rupee jumped by 28cents at 46.13 (selling) this morning.

 

 





Fundamental & Technical Data
Economic Indicators-Local Time

11:00 AM EUR Retail Sales (MoM) (Dec)

11:00 AM EUR Retail Sales (YoY) (Dec)

11:30 AM CHF Real Retail Sales (YoY) (Dec)

11:45 AM EUR Consumer Price Index (EU norm) (YoY) (Jan) Prel

12:15 PM EUR HCOB Manufacturing PMI (Jan)

3:45 PM GBP BoE's Breeden speech

6:30 PM CAD S&P Global Manufacturing PMI (Jan)

7:00 PM USD ISM Manufacturing Employment Index (Jan)

7:00 PM USD ISM Manufacturing New Orders Index (Jan)

7:00 PM USD ISM Manufacturing PMI (Jan)

7:00 PM USD ISM Manufacturing Prices Paid (Jan)

10:25 PM USD Fed's Bostic speech

11:00 PM USD Loan Officer Survey (Q4)

 

 

 

 

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
1.2059
1.3910
157.35
16.80
R2
1.2017
1.3862
156.08
16.50
R1
1.1934
1.3774
155.42
16.31
PP
1.1892
1.3726
154.15
16.23
S1
1.1809
1.3628
153.49
16.02
S2
1.1767
1.3590
152.22
15.83
S3
1.1684
1.3502
151.56
15.53
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.