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Treasury

Daily Market Patrol

Market Patrol 03 February 2026

"The best preparation for tomorrow is doing your best today."  -- H. Jackson Brown, Jr.

Indicative Selling Rates
against MUR
USD
03 Feb 2026
  • AUD
  • 34.01
  • 0.7333
  • BWP
  • 3.52
  • 0.0759
  • CAD
  • 35.59
  • 1.3030
  • CNY
  • 7.11
  • 6.5191
  • DKK
  • 7.68
  • 6.0353
  • EUR
  • 55.03
  • 1.1868
  • HKD
  • 6.16
  • 7.5336
  • INR
  • 0.54
  • 85.6425
  • JPY
  • 31.44
  • 147.5004
  • KES
  • 37.22
  • 124.5714
  • NZD
  • 29.29
  • 0.6316
  • NOK
  • 4.99
  • 9.2851
  • SGD
  • 37.91
  • 1.2230
  • ZAR
  • 3.04
  • 15.2697
  • SEK
  • 5.43
  • 8.5426
  • CHF
  • 61.85
  • 1.3339
  • GBP
  • 63.78
  • 1.3755
  • USD
  • 46.37
  • 1.0000
  • AED
  • 13.16
  • 3.5242
The Australian dollar rose above 0.7000 after Australia’s central bank raised interest rates by 0.25% this morning.
Fundamental News

EUR/USD

The Euro edged lower to 1.1810 against the greenback as strong U.S manufacturing data boosted the U.S dollar.

GBP/USD

The Pound Sterling picked up slightly to $1.3690 as investors wait for this Thursday's Bank of England rate decision.

USD/JPY

The Japanese Yen steadied around 155 versus the U.S dollar helped by comments from Japan’s finance minister about possible joint action with the US to support the currency.

AUD/USD

The Australian dollar rose above 0.7000 after Australia’s central bank raised interest rates by 0.25% this morning. 

USD/CAD

The Canadian Dollar stabilized at 1.3650 against the greenback as ongoing U.S government shutdown concerns support the loonie.

USD/ZAR

The South African Rand weakened to $15.98 pressured by a firmer US dollar.

USD/MUR

The Dollar-Rupee edged up 24cents to trade at 46.37 (selling) this morning.

 



Fundamental & Technical Data
Economic Indicators-Local Time

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

1:00 PM EUR ECB Bank Lending Survey

5:00 PM USD Fed's Barkin speech

6:40 PM USD Fed's Bowman 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
R3
1.1950
1.3806
157.32
16.62
R2
1.1913
1.3760
156.56
16.46
R1
1.1851
1.3714
156.08
16.27
PP
1.1814
1.3668
155.32
16.12
S1
1.1752
1.3622
154.84
15.92
S2
1.1715
1.3576
154.08
15.77
S3
1.1653
1.3530
153.60
15.57
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.