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Daily Market Patrol

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Market Patrol 10 March 2026

Don't watch the clock, Do what it does, Keep going. 

Sam Levenson
Indicative Selling Rates
against MUR
USD
10 Mar 2026
  • AUD
  • 34.25
  • 0.7383
  • BWP
  • 3.44
  • 0.0741
  • CAD
  • 35.78
  • 1.2966
  • CNY
  • 7.17
  • 6.4726
  • DKK
  • 7.56
  • 6.1360
  • EUR
  • 54.13
  • 1.1668
  • HKD
  • 6.15
  • 7.5426
  • INR
  • 0.53
  • 87.3019
  • JPY
  • 31.00
  • 149.6460
  • KES
  • 37.16
  • 124.8534
  • NZD
  • 28.72
  • 0.6190
  • NOK
  • 5.03
  • 9.2148
  • SGD
  • 37.78
  • 1.2279
  • ZAR
  • 2.97
  • 15.6286
  • SEK
  • 5.31
  • 8.7419
  • CHF
  • 61.88
  • 1.3340
  • GBP
  • 62.57
  • 1.3488
  • USD
  • 46.39
  • 1.0000
  • AED
  • 13.16
  • 3.5240
The Euro nosedived as Middle East tensions boost demand for the safe-haven Dollar and fears that higher energy prices could weaken Europe’s economy.
Fundamental News

EUR/USD

The Euro strengthened slightly to 1.1620 as markets became less worried about a worst-case disruption to global oil supplies from the Middle East conflict.

GBP/USD

The pound sterling rose to trade around $1.3425 as markets pared back expectations for Bank of England rate cuts, while higher energy costs tied to tensions around the Strait of Hormuz raised concerns about persistently high UK inflation.

USD/JPY

The Japanese Yen gathered some ground to trade around $157.60 after Cabinet Office of Japan revised Q4 GDP growth higher and amid speculation that Bank of Japan might intervene to curb further weakness

AUD/USD

The Australian Dollar climbed to 0.7060, supported by stronger-than-expected Chinese inflation data. China’s CPI rose 1.3% year-on-year in February, beating the 0.8% forecast, mainly due to higher spending during the Lunar New Year holiday.

USD/CAD

The Canadian Dollar lost some strength to 1.3590 as oil prices pulled back after briefly rising.

USD/ZAR

The South African Rand strengthened to 16.30, supported by a modest improvement in global risk sentiment.

USD/MUR

The Dollar-Rupee dopped by 21 cents to trade at 46.39 (Selling) this morning.

 

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 AM EUR Trade Balance s.a. (Jan)

11:00 AM EUR EcoFin Meeting

 4:15 PM USD ADP Employment Change 4-week average

 6:00 PM USD Existing Home Sales Change (MoM) (Feb)

 

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
1.1814
1.3662
159.77
17.35
R2
1.1727
1.3554
159.33
17.13
R1
1.1681
1.3497
158.50
16.71
PP
1.1594
1.3389
158.06
16.49
S1
1.1548
1.3332
157.23
16.31
S2
1.1461
1.3224
156.79
15.85
S3
1.1415
1.3167
155.96
15.42
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
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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.
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