Market Patrol 02 March 2026 - AfrAsia Bank Mauritius

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Market Patrol 02 March 2026

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Sophocles

Indicative Selling Rates
against MUR
USD

03 Mar 2026

AUD
35.18
0.7421

BWP
3.58
0.0756

CAD
36.32
1.3049

CNY
7.31
6.4807

DKK
7.76
6.1071

EUR
55.65
1.1741

HKD
6.28
7.5432

INR
0.54
87.1886

JPY
31.71
149.4591

KES
37.98
124.8027

NZD
29.45
0.6212

NOK
5.15
9.1968

SGD
38.63
1.2271

ZAR
3.08
15.4028

SEK
5.41
8.7680

CHF
62.95
1.3280

GBP
63.76
1.3451

USD
47.40
1.0000

AED
13.44
3.5271

The Euro slipped as investors moved into the US dollar amid escalating Middle East tensions, with ongoing airstrikes and missile attacks fueling fears of a wider conflict.

Fundamental News

EUR/USD

The Euro slipped to $1.1760 as investors moved into the US dollar amid escalating Middle East tensions, with ongoing airstrikes and missile attacks fueling fears of a wider conflict.

GBP/USD

The Pound Sterling continued to depreciate this morning, reaching 1.3407 against its U.S. counterpart amid mounting political uncertainty in the UK and increasing expectations that the Bank of England could loosen monetary policy.

USD/JPY

The Japanese Yen was weighted down to $156.78 with the Middle East tensions but Bank of Japan tightening and intervention concerns are capping further losses.

AUD/USD

The Australian dollar dipped to 0.7078 against its U.S. counterpart following Australia’s TD-MI Inflation Gauge dropping 0.2% month-on-month in February, its first fall since last August.

USD/CAD

The Canadian Dollar anchored at $1.3662 despite oil prices rose to multi-month highs amid Middle East tensions.

USD/ZAR

The South African Rand meandered at 16.1139 against the greenback following mixed local economic data, with slower money supply growth and a higher-than-expected budget deficit.

USD/MUR

The Dollar-Rupee jumped to 46.96 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

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

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

12:15 PM EUR HCOB Manufacturing PMI (Feb)

12:45 PM EUR HCOB Manufacturing PMI (Feb)

12:55 PM EUR HCOB Manufacturing PMI (Feb)

1:15 PM EUR ECB's Elderson speech

6:00 PM EUR ECB's Nagel speech

6:00 PM EUR ECB's President Lagarde speech

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

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

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

7:00 PM USD ISM Manufacturing PMI (Feb)

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

7:30 PM
GBP BoE's Ramsden speech

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

1.1883

1.3686

157.39

16.19

1.1856

1.3631

156.97

16.09

1.1828

1.3556

156.55

16.01

1.1801

1.3501

156.13

15.92

1.1773

1.3426

155.71

15.84

1.1746

1.3371

155.29

15.75

1.1718

1.3296

154.87

15.67

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

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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.

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