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Market Patrol 17 August 2026

We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.

Abraham Lincoln
Indicative Selling Rates
against MUR
USD
18 Aug 2026
  • AUD
  • 35.19
  • 0.7374
  • BWP
  • 3.84
  • 0.0805
  • CAD
  • 35.79
  • 1.3333
  • CNY
  • 7.47
  • 6.3882
  • DKK
  • 7.72
  • 6.1813
  • EUR
  • 55.22
  • 1.1572
  • HKD
  • 6.30
  • 7.5746
  • INR
  • 0.52
  • 91.2777
  • JPY
  • 29.88
  • 159.7055
  • KES
  • 38.10
  • 125.2493
  • NZD
  • 29.14
  • 0.6106
  • NOK
  • 5.22
  • 9.1418
  • SGD
  • 38.43
  • 1.2417
  • ZAR
  • 3.09
  • 15.4434
  • SEK
  • 5.19
  • 9.1946
  • CHF
  • 58.78
  • 1.2318
  • GBP
  • 64.59
  • 1.3535
  • USD
  • 47.72
  • 1.0000
  • AED
  • 13.39
  • 3.5639
The Euro surged, supported by growing acceptance that the ECB will deliver one final 25-basis-point rate hike at its September meeting as inflation remains above the 2% target.
Fundamental News

EUR/USD

The Euro surged to $1.1585, supported by growing acceptance that the ECB will deliver one final 25-basis-point rate hike at its September meeting as inflation remains above the 2% target.

GBP/USD

The Pound Sterling edged higher to $1.3550, supported by last week's upbeat UK GDP report amid fading Fed hike bets.

USD/JPY

The Japanese Yen got a boost at $159.10 following the release of Japan’s preliminary Q2 Gross Domestic Product data.

AUD/USD

The Aussie Dollar climbed to $0.7100 as Governor Bullock keeps tightening option open.

USD/CAD

The Canadian Dollar traded on a higher note at $1.3865, driven by broad US Dollar weakness and relatively stronger Canadian economic data, while elevated oil prices provided additional support to the Loonie.

USD/ZAR

The South African Rand improved slightly to $16.16 supported by stronger gold prices, although inflation, interest-rate uncertainty and geopolitical risks continue to complicate the outlook.

USD/MUR

The Dollar–Rupee dipped to 47.63 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 AM CNY Industrial Production (YoY) (Jul)

11:00 AM CNY Retail Sales (YoY) (Jul)

1:30 PM EUR ECB's Lane speech

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

4:30 PM CAD Consumer Price Index (YoY) (Jul)

4:30 PM USD NY Empire State Manufacturing Index (Aug)

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
1.1654
1.3654
160.59
16.30
R2
1.1619
1.3607
160.05
16.26
R1
1.1594
1.3569
159.68
16.22
PP
1.1559
1.3523
159.13
16.18
S1
1.1534
1.3485
158.76
16.16
S2
1.1499
1.3438
158.22
16.15
S3
1.1473
1.3400
157.85
16.11
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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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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