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Daily Market Patrol

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Market Patrol 16 April 2026

If you get tired, learn to rest, not to quit.

Banksy
Indicative Selling Rates
against MUR
USD
17 Apr 2026
  • AUD
  • 35.01
  • 0.7492
  • BWP
  • 3.47
  • 0.0742
  • CAD
  • 35.79
  • 1.3057
  • CNY
  • 7.28
  • 6.4213
  • DKK
  • 7.72
  • 6.0547
  • EUR
  • 55.33
  • 1.1840
  • HKD
  • 6.19
  • 7.5503
  • INR
  • 0.53
  • 87.8713
  • JPY
  • 30.91
  • 151.2045
  • KES
  • 37.45
  • 124.7905
  • NZD
  • 28.82
  • 0.6167
  • NOK
  • 5.20
  • 8.9951
  • SGD
  • 38.13
  • 1.2257
  • ZAR
  • 3.01
  • 15.5050
  • SEK
  • 5.33
  • 8.7707
  • CHF
  • 61.92
  • 1.3251
  • GBP
  • 63.51
  • 1.3590
  • USD
  • 46.73
  • 1.0000
  • AED
  • 13.25
  • 3.5261
The Australian Dollar climbed despite the Aussie unemployment rate held steady at 4.3%, in line with expectations this morning. 
Fundamental News

EUR/USD

The Euro improved to $1.1811 amid risk-on sentiment, lifted by US–Iran ceasefire optimism.

GBP/USD

The Pound Sterling remained within familiar territory at  $1.3581 as sentiment strengthens on hopes of a de-escalation in the Middle East conflict.

USD/JPY

The Japanese Yen advanced to $158.72 supported by intervention speculation to limit currency weakness.

AUD/USD

The Australian Dollar climbed to 0.7190 against the U.S Dollar despite the Aussie unemployment rate held steady at 4.3%, in line with expectations this morning. 

USD/CAD

The Canadian Dollar traded slightly higher to near 1.3780, as optimism over potential US–Iran ceasefire talks tempers sentiment and leaves the outlook uncertain.

USD/ZAR

The South African Rand trod water at $1.3720 amid a quiet domestic calendar, with price action driven mainly by oil and global risk sentiment.

USD/MUR

The dollar–rupee fell to 46.65 (selling) this morning. 

Fundamental & Technical Data
Economic Indicators-Local Time

1:00 PM EUR Core Harmonized Index of Consumer Prices (MoM) (Mar)

3:30 PM EUR ECB Monetary Policy Meeting Accounts

4:30 PM USD Initial Jobless Claims

4:30 PM USD Philadelphia Fed Manufacturing Survey (Apr)

4:35 PM USD Fed's Williams speech

5:00 PM EUR ECB's Schnabel speech

5:15 PM USD Industrial Production (MoM) (Mar)

6:35 PM USD Fed's Miran speech

7:40 PM GBP BoE's Taylor speech

8:45 PM EUR ECB's Nagel speech

10:30 PM EUR ECB's Lane speech

11:00 PM GBP BoE's Taylor 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
1.1852
1.3619
159.85
16.55
R2
1.1830
1.3600
159.54
16.49
R1
1.1815
1.3581
159.26
16.43
PP
1.1793
1.3562
158.95
16.37
S1
1.1778
1.3543
158.67
16.36
S2
1.1756
1.3524
158.36
16.31
S3
1.1741
1.3505
158.08
16.25
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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