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Daily Market Patrol

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Market Patrol 02 September 2026
Courage doesn't always roar. Sometimes courage is the quiet voice at the end of the day saying, 'I will try again tomorrow.'

 

 

Mary Anne Radmacher
Indicative Selling Rates
against MUR
USD
02 Sep 2026
  • AUD
  • 35.50
  • 0.7408
  • BWP
  • 3.55
  • 0.0741
  • CAD
  • 35.82
  • 1.3378
  • CNY
  • 7.52
  • 6.3723
  • DKK
  • 7.75
  • 6.1832
  • EUR
  • 55.47
  • 1.1576
  • HKD
  • 6.33
  • 7.5703
  • INR
  • 0.53
  • 90.6546
  • JPY
  • 29.92
  • 160.1604
  • KES
  • 38.25
  • 125.2810
  • NZD
  • 29.05
  • 0.6062
  • NOK
  • 5.28
  • 9.0758
  • SGD
  • 38.72
  • 1.2376
  • ZAR
  • 3.12
  • 15.3590
  • SEK
  • 5.15
  • 9.3049
  • CHF
  • 58.95
  • 1.2302
  • GBP
  • 64.70
  • 1.3502
  • USD
  • 47.92
  • 1.0000
  • AED
  • 13.45
  • 3.5628
The Canadian dollar slipped ahead of the Bank of Canada interest rate decision due later today.
Fundamental News

EUR/USD

The Euro retraced to 1.1579 against the U.S dollar driven by persistent Federal Reserve hawkishness and worsening geopolitical tensions across the Middle East.

GBP/USD

The British Pound descended to $1.3498 with Bank of England Governor Andrew Bailey said inflation risks remain contained, as the UK has not yet seen meaningful second-round inflation effects.

USD/JPY

The Japanese Yen extends its relative weakness at $160.08 amid mounting fiscal worries, driven by higher bond yields that increase Japan’s debt-servicing costs. 

AUD/USD

The Australian Dollar nosedived to $0.7138 with Australia’s upbeat second-quarter GDP release offered only temporary support, as market optimism faded quickly.

USD/CAD

The Canadian Dollar slipped to 1.3920 versus the greenback ahead of the Bank of Canada interest rate decision due later today where it is expected to hold its overnight rate at 2.25%.

USD/ZAR

The South African Rand came under pressure at $16.1911 as August PMI data showed deteriorating manufacturing confidence amid a significant slump in business activity.

USD/MUR

The Dollar–Rupee gained 13 cents to 47.92 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

4:15 PM USD ADP Employment Change (Aug)

5:45 PM CAD BoC Interest Rate Decision

5:45 PM CAD BoC Monetary Policy Statement

6:00 PM USD Factory Orders (MoM) (Jul)

6:30 PM CAD BoC Press Conference

10:00 PM USD Fed's Beige Book

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
1.1655
1.3599
161.04
16.32
R2
1.1639
1.3579
160.65
16.25
R1
1.1615
1.3546
160.40
16.21
PP
1.1600
1.3526
160.01
16.15
S1
1.1575
1.3493
159.76
16.10
S2
1.1560
1.3472
159.37
16.03
S3
1.1536
1.3439
159.12
15.98
Technical Analysis - Forex Charts
EUR/USD Technical Views- Double Zig-Zag (WXY) Structure; Larger-Degree Wave X Still Unfolding
Chart updated on 29.04.2026
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
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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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