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Treasury

Daily Market Patrol

Market Patrol 16 January 2026

"Success is the sum of small efforts - repeated day in and day out." --Robert Collier

Confucius
Indicative Selling Rates
against MUR
USD
16 Jan 2026
  • AUD
  • 32.85
  • 0.7026
  • BWP
  • 3.46
  • 0.0740
  • CAD
  • 34.60
  • 1.3515
  • CNY
  • 7.09
  • 6.5926
  • DKK
  • 7.62
  • 6.1388
  • EUR
  • 54.56
  • 1.1669
  • HKD
  • 6.22
  • 7.5219
  • INR
  • 0.55
  • 85.7542
  • JPY
  • 31.16
  • 150.0671
  • KES
  • 37.54
  • 124.5596
  • NZD
  • 28.22
  • 0.6036
  • NOK
  • 4.83
  • 9.6863
  • SGD
  • 37.72
  • 1.2395
  • ZAR
  • 3.00
  • 15.6008
  • SEK
  • 5.31
  • 8.7990
  • CHF
  • 60.53
  • 1.2945
  • GBP
  • 62.92
  • 1.3456
  • USD
  • 46.76
  • 1.0000
  • AED
  • 13.26
  • 3.5254
The Euro slipped as strong US data boosted the dollar.
Fundamental News

EUR/USD

The Euro slipped to 1.1610 as strong US data boosted the dollar, while weak Eurozone data failed to support the euro.

GBP/USD

The Pound sterling weakened to 1.3385 against the U.S Dollar as an initial boost from stronger UK GDP data faded, with investors viewing the growth rebound as temporary rather than a sign of sustained economic improvement.

USD/JPY

The Japanese Yen clawed back some ground at 158.25 after officials floated possible market action to curb yen weakness.

AUD/USD

The Aussie Dollar climbed to 0.6705 as cautious RBA signals support the Australian dollar, with markets expecting possible rate hikes later in the year.

USD/CAD

The Canadian Dollar edged higher to trade around 1.3886 versus the greenback, supported by rising crude oil prices and the absence of major Canadian economic data.

USD/ZAR

The South African Rand climbed slightly to 16.34 supported by easing geopolitical fears.

USD/MUR

The dollar-rupee climbed to 46.76 (selling) this morning.



Fundamental & Technical Data
Economic Indicators-Local Time

11:00 AM EUR Harmonized Index of Consumer Prices (MoM) (Dec)

1:00 PM EUR Consumer Price Index (EU Norm) (YoY) (Dec)

1:00 PM EUR Consumer Price Index (YoY) (Dec)

6:15 PM USD Industrial Production (MoM) (Dec)

8:00 PM USD Fed's Bowman 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
1.1699
1.3515
159.62
16.51
R2
1.1674
1.3481
159.25
16.47
R1
1.1642
1.3431
158.94
16.40
PP
1.1617
1.3397
158.57
16.35
S1
1.1585
1.3347
158.26
16.31
S2
1.1560
1.3313
157.89
16.29
S3
1.1528
1.3263
157.58
16.24
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.