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Daily Market Patrol

Market Patrol 04 March 2026

Be the change that you wish to see in the world. 

 

Mahatma Ghandi
Indicative Selling Rates
against MUR
USD
04 Mar 2026
  • AUD
  • 34.97
  • 0.7312
  • BWP
  • 3.55
  • 0.0743
  • CAD
  • 36.59
  • 1.3071
  • CNY
  • 7.34
  • 6.5159
  • DKK
  • 7.77
  • 6.1535
  • EUR
  • 55.74
  • 1.1654
  • HKD
  • 6.34
  • 7.5404
  • INR
  • 0.55
  • 87.4541
  • JPY
  • 31.99
  • 149.5269
  • KES
  • 38.31
  • 124.8396
  • NZD
  • 29.51
  • 0.6169
  • NOK
  • 5.14
  • 9.3133
  • SGD
  • 38.81
  • 1.2323
  • ZAR
  • 3.02
  • 15.8256
  • SEK
  • 5.39
  • 8.8722
  • CHF
  • 63.46
  • 1.3268
  • GBP
  • 64.02
  • 1.3384
  • USD
  • 47.83
  • 1.0000
  • AED
  • 13.55
  • 3.5293
The Euro extended its slide pressured by escalating tensions in the Middle East and increasing worries over energy supply stability.
Fundamental News

EUR/USD

The Euro extended its slide to 1.1595, pressured by escalating tensions in the Middle East and increasing worries over energy supply stability.

GBP/USD

The Pound Sterling continued to depreciate this morning, reaching 1.3311 against its U.S. counterpart, after new UK jobs data showed unemployment rising to 5.2%, its highest level since early 2021.

USD/JPY

The Japanese Yen drifted lower to $157.63 despite rising Middle East tensions boosting demand for safe-haven currencies, while hawkish signals from Bank of Japan officials are also supporting the Yen.

AUD/USD

The Australian dollar weakened to 0.7000 against the greenback despite stronger Q4 2025 growth, as a drop in February’s Services PMI signaled slowing momentum in the services sector.

USD/CAD

The Canadian Dollar struggled at $1.3690 even though oil prices remain high amid Middle East tensions.

USD/ZAR

The South African Rand faded to 16.6299 against the U.S dollar as escalating Middle East tensions fueled risk aversion, while higher oil prices and inflation pressures weighed further on the ZAR.

USD/MUR

The Dollar-Rupee hiked by 43 cents to 47.83 (Selling) this morning.



Fundamental & Technical Data
Economic Indicators-Local Time

11:30 AM CHF Consumer Price Index (YoY) (Feb)

2:15 PM EUR HCOB Services PMI (Feb)

12:55 PM EUR HCOB Composite PMI (Feb)

12:55 PM EUR HCOB Services PMI (Feb)

1:00 PM EUR HCOB Composite PMI (Feb)

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

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

2:00 PM EUR Unemployment Rate (Jan)

2:00 PM EUR Gross Domestic Product (QoQ) (Q4)

2:00 PM EUR Gross Domestic Product (YoY) (Q4)

2:45 PM EUR ECB's Cipollone speech

5:15 PM USD ADP Employment Change (Feb)

5:30 PM EUR ECB's De Guindos speech

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

7:00 PM EUR ECB's Panetta speech

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

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

7:00 PM USD ISM Services PMI (Feb)

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

7:30 PM CAD BoC's Governor Macklem speech

11:00 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
1.1880
1.3610
158.88
17.54
R2
1.1794
1.3517
158.42
17.15
R1
1.1703
1.3438
158.06
16.83
PP
1.1617
1.3345
157.60
16.69
S1
1.1526
1.3266
157.24
16.44
S2
1.1440
1.3173
156.78
16.12
S3
1.1349
1.3094
156.42
15.73
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.