Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 04 February 2026

"He who does not expect to win is already defeated." -- Benito Juarez

 

Indicative Selling Rates
against MUR
USD
05 Feb 2026
  • AUD
  • 33.90
  • 0.7290
  • BWP
  • 3.52
  • 0.0757
  • CAD
  • 35.63
  • 1.3050
  • CNY
  • 7.13
  • 6.5260
  • DKK
  • 7.69
  • 6.0470
  • EUR
  • 55.08
  • 1.1845
  • HKD
  • 6.18
  • 7.5299
  • INR
  • 0.54
  • 85.7682
  • JPY
  • 31.25
  • 148.8183
  • KES
  • 37.35
  • 124.4897
  • NZD
  • 29.13
  • 0.6265
  • NOK
  • 4.99
  • 9.3177
  • SGD
  • 37.90
  • 1.2269
  • ZAR
  • 3.01
  • 15.4238
  • SEK
  • 5.40
  • 8.6070
  • CHF
  • 62.01
  • 1.3336
  • GBP
  • 63.66
  • 1.3690
  • USD
  • 46.50
  • 1.0000
  • AED
  • 13.19
  • 3.5245
The British Pound climbed as market wait for the Bank of England’s rate decision due tomorrow afternoon.
Fundamental News

EUR/USD

The Euro rebounded to $1.1835 as investors wait for Eurozone inflation data and key US releases today.

GBP/USD

The Pound Sterling continued to rise to 1.3720 per U.S dollar as market wait for the Bank of England’s rate decision due tomorrow where it is expected they keep rates unchanged.

USD/JPY

The Japanese Yen weakened to 156.35 versus the greenback, pressured by fiscal worries and political uncertainty.

AUD/USD

The Australian dollar extended its gains to 0.7025 against the U.S Dollar after China’s services activity beat expectations, while Australia’s business activity hit its strongest level in nearly four years.

USD/CAD

The Canadian Dollar is under pressure at $1.3630 as concerns about the economy and softer oil prices weigh on sentiment.

USD/ZAR

The South African Rand firmed to 15.90 against the U.S Dollar supported by commodity rebound, but remains volatile as markets digest broader forex and economic conditions.

USD/MUR

The Dollar-Rupee pair slipped by 5 cents today, quoted at 46.32 on the offer side. 

 



Fundamental & Technical Data
Economic Indicators-Local Time

12:15 PM EUR HCOB Services PMI (Jan)

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

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

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

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

2:00 PM EUR Producer Price Index (MoM) (Dec)

2:00 PM EUR Producer Price Index (YoY) (Dec)

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

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

5:15 PM USD ADP Employment Change (Jan)

6:45 PM USD S&P Global Composite PMI (Jan)

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

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

7:00 PM USD ISM Services PMI (Jan)

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

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
1.1888
1.3776
156.91
16.28
R2
1.1858
1.3742
156.50
16.19
R1
1.1839
1.3720
156.13
16.08
PP
1.1809
1.3686
155.72
15.99
S1
1.1790
1.3664
155.35
15.88
S2
1.1760
1.3630
154.94
15.80
S3
1.1741
1.3608
154.57
15.69
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.