Market Patrol 16 March 2026 - AfrAsia Bank Mauritius

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Market Patrol 16 March 2026

It is never too late to be who you might have been.

George Elliot

Indicative Selling Rates
against MUR
USD

16 Mar 2026

AUD
34.58
0.7324

BWP
3.75
0.0794

CAD
36.08
1.3088

CNY
7.27
6.4919

DKK
7.58
6.2280

EUR
54.30
1.1500

HKD
6.25
7.5530

INR
0.54
87.6570

JPY
31.19
151.3848

KES
37.78
124.9740

NZD
28.73
0.6083

NOK
5.05
9.3560

SGD
38.25
1.2346

ZAR
2.94
16.0836

SEK
5.24
9.0042

CHF
62.04
1.3138

GBP
62.90
1.3320

USD
47.22
1.0000

AED
13.39
3.5275

The Euro remained on the back foot with markets awaiting several major central bank meetings this week, including the ECB, FED meeting, under the shadow of the U.S.-Israel–Iran conflict.

Fundamental News

EUR/USD

The Euro remained on the back foot beyond $1.1440 with markets awaiting several major central bank meetings this week, including the ECB, FED meeting, under the shadow of the U.S.-Israel–Iran conflict.

GBP/USD

The Pound Sterling held under pressure at 1.3257 against the U.S dollar amid weak UK economic data and higher energy costs, raising concerns over future Bank of England policy decision due this Thursday.

USD/JPY

The Japanese Yen stayed in the vicinity of 159.39 against the greenback amid Japan’s Finance minister signaled authorities may act if the currency’s recent weakness worsens.

AUD/USD

The Australian Dollar depreciated to $0.7015 despite stronger-than-expected Chinese data, with February retail sales up 2.8% YoY and industrial production up to 6.3%.

USD/CAD

The Canadian Dollar crumbled to 1.3717 versus the U.S dollar after February jobs data in Canada showed a steep employment drop and rising unemployment last Friday afternoon.

USD/ZAR

The South African Rand dived to $16.8557 amid market caution and rising energy-driven inflation.

USD/MUR

The Dollar-Rupee gained 28 cents to 47.22 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

4:30 PM CAD BoC Consumer Price Index Core (YoY)

4:30 PM CAD Consumer Price Index (MoM)

4:30 PM CAD Consumer Price Index (YoY)

4:30 PM USD NY Empire State Manufacturing Index

5:15 PM USD Industrial Production (MoM)

10:00 PM USD Monthly Budget Statement

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

1.1624

1.3471

160.53

17.27

1.1601

1.3444

159.98

17.03

1.1556

1.3393

159.67

16.92

1.1533

1.3366

159.12

16.68

1.1488

1.3315

158.81

16.57

1.1465

1.3288

158.26

16.34

1.1420

1.3237

157.95

16.22

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

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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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