Market Patrol 16 Jun 2026 - AfrAsia Bank Mauritius

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Market Patrol 16 Jun 2026

Opportunities are usually disguised as hard work, so most people don't recognize them.

Ann Landers

Indicative Selling Rates
against MUR
USD

16 Jun 2026

AUD
35.12
0.7321

BWP
3.54
0.0738

CAD
35.63
1.3463

CNY
7.49
6.4045

DKK
7.76
6.1817

EUR
55.54
1.1578

HKD
6.34
7.5662

INR
0.53
90.3901

JPY
29.92
160.3275

KES
38.29
125.2808

NZD
28.90
0.6025

NOK
5.16
9.2965

SGD
38.46
1.2473

ZAR
3.11
15.4244

SEK
5.27
9.1025

CHF
60.29
1.2568

GBP
64.24
1.3392

USD
47.97
1.0000

AED
13.46
3.5639

Fundamental News

EUR/USD

The Euro edged lower to 1.1575 against the dollar as fading expectations for aggressive Federal Reserve rate cuts continued to support the greenback amid ongoing global uncertainty, outweighing the positive impact of lower oil prices.

GBP/USD

The Pound Sterling traded lower at 1.3390 amid market caution ahead of U.S.-Iran peace agreement, with investors awaiting the official deal details before confidence fully improves.

USD/JPY

The Japanese Yen traded cautiously at 160.30, receiving little to no support after the BoJ hiked the key rate by 25 bps to 1%.

AUD/USD

The Australian dollar struggled to gather momentum at $ 0.7049 after the Reserve Bank of Australia kept interest rates unchanged for the first time this year

USD/CAD

The Canadian Dollar weakened to 1.4015, weighed down by the decline in Crude prices.

USD/ZAR

The South African Rand remained little changed, trading around $16.2150 following the US-Iran peace deal, strong foreign investment in South African bonds, a credit rating upgrade, and the SARB’s firm stance on inflation, while investors await May inflation data due tomorrow,

USD/MUR

The Dollar–Rupee rose to 47.97 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

1:00 PM EUR ZEW Survey – Current Situation (Jun)

1:00 PM EUR ZEW Survey – Economic Sentiment (Jun)

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

4:30 PM USD Building Permits (MoM) (May)

5:10 PM EUR ECB's Lane 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

1.1674

1.3507

161.22

16.46

1.1648

1.3484

160.80

16.38

1.1618

1.3447

160.55

16.29

1.1592

1.3423

160.14

16.21

1.1562

1.3386

159.89

16.13

1.1536

1.3363

159.48

16.05

1.1506

1.3326

159.23

15.97

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

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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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