Market Patrol 17 April 2026
Yesterday is not ours to recover, but tomorrow is ours to win or lose.
Indicative Selling Rates against MUR
USD
USD
17 Apr 2026
The Pound Sterling edges lower after weak UK data
Fundamental News
EUR/USD
The Euro consolidated around 1.1780 after rallying to near 1.1825, as market paused for fresh direction ahead of potential US-Iran talks.
GBP/USD
The Pound Sterling edged lower to 1.3525 after weak UK production data, with Manufacturing Output declining 0.1% MoM and 0.5% YoY in February.
USD/JPY
The South African Rand was softer at 16.40 as markets stayed cautious with ongoing US-Iran diplomacy hopes shaping risk sentiment.
USD/MUR
The dollar–rupee inched to 46.73 (selling) this morning.
Fundamental & Technical Data
Economic Indicators-Local Time
1:00 PM GBP BoE's Breeden speech
8:30 PM USD Fed's Daly speech
10:00 PM USD Fed's Waller 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
R3
1.1876
1.3654
160.64
16.55
R2
1.1851
1.3625
159.98
16.52
R1
1.1817
1.3576
159.56
16.46
PP
1.1792
1.3547
158.90
16.42
S1
1.1758
1.3498
158.48
16.37
S2
1.1733
1.3469
157.82
16.33
S3
1.1699
1.3420
157.40
16.27
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
Chart posted on 21.01.2025
Weekly Market Update by Devisha Ramsurrun
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.
