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Daily Market Patrol

Market Patrol 16 October 2026

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Vidal Sassoon
Indicative Selling Rates
against MUR
USD
16 Oct 2026
  • AUD
  • 34.61
  • 0.7219
  • BWP
  • 3.53
  • 0.0736
  • CAD
  • 35.22
  • 1.3612
  • CNY
  • 7.56
  • 6.3413
  • DKK
  • 7.53
  • 6.3665
  • EUR
  • 53.84
  • 1.1231
  • HKD
  • 6.33
  • 7.5735
  • INR
  • 0.53
  • 90.5382
  • JPY
  • 30.38
  • 157.8012
  • KES
  • 38.12
  • 125.7608
  • NZD
  • 28.20
  • 0.5882
  • NOK
  • 5.22
  • 9.1839
  • SGD
  • 38.51
  • 1.2449
  • ZAR
  • 3.07
  • 15.6156
  • SEK
  • 5.01
  • 9.5689
  • CHF
  • 58.00
  • 1.2098
  • GBP
  • 63.79
  • 1.3306
  • USD
  • 47.94
  • 1.0000
  • AED
  • 13.45
  • 3.5643
The Canadian Dollar firmed supported by higher oil prices.
Fundamental News

EUR/USD

The Euro inched higher to $1.1225 as Fed official Kevin Warsh emphasized price stability over premature rate decisions.

GBP/USD

The British Pound climbed to $1.3290 as markets increasingly expect a 25-basis-point hike in November, while the upcoming UK budget remains a potential risk.

USD/JPY

The Japanese Yen gained slightly to $157.80 as markets remain on high alert amid fears that authorities will step in again to prop up the currency.

AUD/USD

The Aussie Dollar sank to $0.6940 as reduced expectations of an RBA rate hike in November weigh on the currency.

USD/CAD

The Canadian Dollar firmed to $1.4180 supported by higher oil prices.

USD/ZAR

The South African rand strengthened to $16.47 as markets are looking ahead to next week’s medium-term budget for clues on the country’s fiscal outlook and credit rating prospects.

USD/MUR

The Dollar–Rupee drizzled to 47.94 (selling) following a forex intervention by the Bank of Mauritius yesterday.

Fundamental & Technical Data
Economic Indicators-Local Time

1:00 PM EUR Core Harmonized Index of Consumer Prices (YoY) (Sep)

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

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

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

10:00 PM USD Monthly Budget Statement (Aug)

 

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4%
16-Sep-2026
28-Oct-2026
European Central Bank
2.50%
10-Sep-2026
29-Oct-2026
Bank of England
3.75%
17-Sep-2026
05-Nov-2026
Bank of Japan
1.25%
18-Sep-2026
30-Oct-2026
Reserve Bank of Australia
4.60%
29-Sep-2026
03-Nov-2026
S.Africa Reserve Bank
7.25%
23-Sep-2026
25-Nov-2026
Reserve Bank of India
5.5%
06-Oct-2026
02-Dec-2026
Bank of Mauritius
4.75%
12-Aug-2026
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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
1.1351
1.3409
159.13
16.72
R2
1.1296
1.3343
158.72
16.67
R1
1.1256
1.3308
158.35
16.59
PP
1.1201
1.3242
157.94
16.53
S1
1.1162
1.3206
157.57
16.50
S2
1.1106
1.3140
157.16
16.46
S3
1.1067
1.3105
156.79
16.40
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
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.