Market Patrol 03 March 2026 - AfrAsia Bank Mauritius

Internet Banking

Click icon again to close

Below is a list of some popular pages

Market Patrol 03 March 2026

A good laugh is sunshine in the house.

William Makepeace Thackeray

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 Dollar-Rupee surged 44 cents to 47.40 (Selling) this morning.

Fundamental News

EUR/USD

The Euro extended its decline past 1.1669 against the greenback as escalating Middle East tensions boosted demand for the U.S. dollar.

GBP/USD

The Pound Sterling collapsed to $1.3366 amid UK political uncertainty after Labour’s surprise election loss and ahead of the Spring Statement.

USD/JPY

The Japanese Yen cascaded to 157.43 against the U.S. dollar after reports that Prime Minister Sanae Takaichi is hesitant about further rate hikes and new BOJ board picks lean toward easy policy.

AUD/USD

The Australian dollar hit $0.7087 as hawkish RBA signals grew, with Governor Michele Bullock warning inflation risks remain and the bank is ready to act.

USD/CAD

The Canadian Dollar was steady around $1.3680 supported by increasing oil prices due to supply concerns linked to the Middle East conflict.

USD/ZAR

The South African Rand traded lower to 16.1784 versus the U.S dollar with investors buying safe havens as U.S. and Israeli strikes on Iran raised fears of a wider regional war and market uncertainty.

USD/MUR

The Dollar-Rupee surged 44 cents to 47.40 (Selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

2:00 PM EUR Core Harmonized Index of Consumer Prices (MoM) (Feb) Prel

2:00 PM EUR Core Harmonized Index of Consumer Prices (YoY) (Feb) Prel

2:00 PM EUR Harmonized Index of Consumer Prices (MoM) (Feb) Prel

2:00 PM EUR Harmonized Index of Consumer Prices (YoY) (Feb) Prel

2:00 PM EUR Consumer Price Index (EU Norm) (YoY) (Feb) Prel

2:00 PM EUR Consumer Price Index (YoY) (Feb) Prel

6:55 PM USD Fed's Williams speech

7:10 PM USD Fed's Schmid speech

7:40 PM EUR ECB's Sleijpen speech

8:00 PM EUR ECB's Kocher speech

8:45 PM USD Fed's Kashkari 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

1.1889

1.3611

159.86

16.41

1.1843

1.3534

158.81

16.31

1.1765

1.3470

156.55

16.21

1.1719

1.3393

158.08

16.10

1.1641

1.3329

156.30

15.99

1.1595

1.3252

155.25

15.89

1.1517

1.3188

154.52

15.80

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

Previous View Market Patrol Archives

Weekly Market Update by Devisha Ramsurrun

Listen

Speak to our team

Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

Email

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.

Become a client

Rates & Fees

View all rates and fees

Application Forms

REGULATORY BODY GUIDELINES

View all regulatory body guidelines View our security tips

Our Shareholders

Swift Code AFBLMUMU

AfrAsia Bank Limited is licensed and regulated by the Bank of Mauritius and the Financial Services Commission.

AfrAsia Bank Limited is regulated by the South African Reserve Bank and the Financial Sector Conduct Authority (FSP 52012)

AfrAsia Bank Limited (Dubai Branch) is regulated by DFSA.

Copyright 2026 AfrAsia Bank Limited. Designed by FRCI

Treasury

Daily Market Patrol