Market Patrol 16 Jul 2026 - AfrAsia Bank Mauritius

Click icon again to close

Below is a list of some popular pages

Market Patrol 16 Jul 2026

Kindness is the language which the deaf can hear and the blind can see.

Mark Twain

Indicative Selling Rates
against MUR
USD

16 Jul 2026

AUD
34.72
0.7273

BWP
3.48
0.0729

CAD
35.39
1.3490

CNY
7.45
6.4081

DKK
7.65
6.2405

EUR
54.74
1.1466

HKD
6.31
7.5658

INR
0.52
91.8607

JPY
29.45
162.1053

KES
38.14
125.1704

NZD
29.02
0.6079

NOK
5.09
9.3792

SGD
38.15
1.2514

ZAR
3.08
15.5000

SEK
5.16
9.2519

CHF
59.25
1.2411

GBP
64.62
1.3536

USD
47.74
1.0000

AED
13.40
3.5627

The Japanese Yen remained close to 162.11 against the U.S dollar supported by verbal intervention from Japanese authorities.

Fundamental News

EUR/USD

The Euro traded slightly firmer at 1.1468 against the greenback with market awaiting for the upcoming U.S. producer inflation report for clues on the Fed’s future rate path.

GBP/USD

The British Pound rallied to $1.3536 following news that UK Prime Minister-designate Andy Burnham is considering appointing Shabana Mahmood as U.K Finance Minister.

USD/JPY

The Japanese Yen remained close to 162.11 against the U.S dollar supported by verbal intervention from Japanese authorities aimed at curbing excessive currency weakness.

AUD/USD

The Australian Dollar posted modest gains at $0.7001 though it continued to reflect the softer sentiment triggered by the latest Consumer Inflation Expectations data.

USD/CAD

The Canadian Dollar was broadly steady at $1.4048 despite bullish oil prices.

USD/ZAR

The South African rand remained relatively stable around $16.3431 as a light domestic economic calendar for the rest of the week left the risk-sensitive currency largely driven by external factors.

USD/MUR

The Dollar–Rupee traded lower by 9 cents to 47.74 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

10:00 AM GBP Goods Trade Balance (May)

10:00 AM GBP Gross Domestic Product (MoM) (May)

10:00 AM GBP Index of Services (3M/3M) (May)

10:00 AM GBP Industrial Production (MoM) (May)

10:00 AM GBP Manufacturing Production (MoM) (May)

10:00 AM GBP Total Trade Balance (May)

4:30 PM USD Initial Jobless Claims

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

4:30 PM USD Retail Sales (MoM) (Jun)

4:30 PM USD Retail Sales Control Group (Jun)

4:30 PM USD Retail Sales ex Autos (MoM) (Jun)

6:00 PM USD Pending Home Sales (MoM) (Jun)

8:30 PM USD Fed's Logan speech

9:25 PM USD Fed's Schmid 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

1.1568

1.3791

162.95

16.52

1.1525

1.3674

162.68

16.46

1.1491

1.3605

162.43

16.40

1.1448

1.3488

162.16

16.34

1.1415

1.3419

161.90

16.33

1.1372

1.3302

161.63

16.27

1.1338

1.3234

161.37

16.21

Technical Analysis - Forex Charts

EUR/USD Technical Views- Double Zig-Zag (WXY) Structure; Larger-Degree Wave X Still Unfolding

Chart updated on 29.04.2026

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

Previous View Market Patrol Archives

Weekly Market Update by Devisha Ramsurrun

Listen

Speak to our team

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.

Become a client

Rates & Fees

View all rates and fees

Application Forms

REGULATORY BODY GUIDELINES

View all regulatory body guidelines View our security tips

Our Shareholders

Swift Code AFBLMUMU

AfrAsia Bank Limited is licensed and regulated by the Bank of Mauritius and the Financial Services Commission.

AfrAsia Bank Limited is regulated by the South African Reserve Bank and the Financial Sector Conduct Authority (FSP 52012)

AfrAsia Bank Limited (Dubai Branch) is regulated by DFSA.

Copyright 2026 AfrAsia Bank Limited. Designed by FRCI

Treasury

Daily Market Patrol