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Daily Market Patrol

Market Patrol 16 September 2026

You never know how strong you are until being strong is your only choice.

Bob Marley
Indicative Selling Rates
against MUR
USD
16 Sep 2026
  • AUD
  • 35.53
  • 0.7402
  • BWP
  • 3.56
  • 0.0742
  • CAD
  • 35.87
  • 1.3382
  • CNY
  • 7.54
  • 6.3660
  • DKK
  • 7.74
  • 6.2016
  • EUR
  • 55.42
  • 1.1546
  • HKD
  • 6.34
  • 7.5710
  • INR
  • 0.52
  • 91.5332
  • JPY
  • 30.91
  • 155.2896
  • KES
  • 38.26
  • 125.4574
  • NZD
  • 28.67
  • 0.5973
  • NOK
  • 5.29
  • 9.0737
  • SGD
  • 38.79
  • 1.2374
  • ZAR
  • 3.11
  • 15.4341
  • SEK
  • 5.09
  • 9.4303
  • CHF
  • 58.64
  • 1.2217
  • GBP
  • 64.73
  • 1.3485
  • USD
  • 48.00
  • 1.0000
  • AED
  • 13.47
  • 3.5635
The Euro did little change as the Federal Reserve is scheduled to announce its monetary policy later today.
Fundamental News

EUR/USD

The Euro did little change and traded around 1.1549 against the greenback as the Federal Reserve is scheduled to announce its monetary policy later today.

GBP/USD

The Pound Sterling eased to $1.3481 following the UK's August CPI release with markets expecting the Bank of England to maintain current interest rates tomorrow. 

USD/JPY

The Japanese Yen descended to $155.10 with markets fully pricing in a 25 basis points by the Bank of Japan hike this Friday and raising expectations for another increase in December.

AUD/USD

The Australian Dollar stayed under pressure at $0.7128 amid persistent underlying inflation fueling expectations of additional interest rate hikes in the country. 

USD/CAD

The Canadian Dollar is weighed on by dovish BoC expectations and rising U.S.-Canada trade tensions. The Loonie traded at 1.3935 versus the US Dollar this morning. 

USD/ZAR

The South African Rand came under pressure at $16.2372 weighed down by higher energy costs and softer precious metal prices, fueling worries about inflation and import expenses.

USD/MUR

The Dollar–Rupee boosted by 12 cents to 48.00 (selling) this morning. 

Fundamental & Technical Data
Economic Indicators-Local Time

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

5:00 PM EUR ECB's Elderson speech

9:00 PM EUR ECB's President Lagarde speech

9:30 PM CAD BoC Summary of Deliberations

10:00 PM USD Fed Interest Rate Decision

10:00 PM USD Fed Monetary Policy Statement

10:00 PM USD FOMC Economic Projections

10:30 PM USD FOMC Press Conference

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
3.75%
09-Dec-2025
15-Sep-2026
European Central Bank
2.40%
10-Jun-2026
10-Sep-2026
Bank of England
3.75%
17-Dec-2025
16-Sep-2026
Bank of Japan
1.00%
15-Jun-2026
17-Sep-2026
Reserve Bank of Australia
4.35%
04-May-2026
28-Sep-2026
S.Africa Reserve Bank
6.75%
20-Nov-2025
29-Jan-2026
Reserve Bank of India
5.25%
04-Dec-2025
06-Oct-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
1.1578
1.3539
156.49
16.46
R2
1.1565
1.3521
155.86
16.40
R1
1.1553
1.3598
155.46
16.32
PP
1.1540
1.3481
154.86
16.27
S1
1.1528
1.3458
154.43
16.19
S2
1.1514
1.3440
153.80
16.14
S3
1.1502
1.3417
153.40
16.06
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.