Market Patrol 17 March 2026 - AfrAsia Bank Mauritius

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Market Patrol 17 March 2026

Keep your thoughts positive because your thoughts become your words.

Mahatma Gandhi

Indicative Selling Rates
against MUR
USD

18 Mar 2026

AUD
34.94
0.7438

BWP
3.44
0.0732

CAD
35.94
1.3069

CNY
7.26
6.4724

DKK
7.61
6.1756

EUR
54.49
1.1600

HKD
6.21
7.5603

INR
0.54
87.6094

JPY
31.19
150.5877

KES
37.51
125.2324

NZD
28.84
0.6141

NOK
5.11
9.1974

SGD
38.21
1.2292

ZAR
2.96
15.8865

SEK
5.31
8.8510

CHF
62.08
1.3218

GBP
63.09
1.3432

USD
46.97
1.0000

AED
13.32
3.5258

The South African Rand gained as a weaker U.S dollar helped counter diminishing expectations of a near-term interest rate cut by the U.S. Federal Reserve tomorrow.

Fundamental News

EUR/USD

The Euro recovered to $1.1483 as market is anticipating that the European Central Bank will hold its benchmark deposit rate steady at 2.0% at its March meeting this Thursday.

GBP/USD

The Pound Sterling climbed to 1.3275 versus the greenback with the Bank of England expecting to hold rates at 3.75% at Thursday's meeting with a less-dovish tilt than the prior meeting.

USD/JPY

The Japanese Yen threaded within familiar territory at 159.45 against the U.S dollar with the Bank of Japan widely expected to hold its policy rate at 0.75% at this Thursday's meeting.

AUD/USD

The Australian Dollar advanced to $0.7057 following the Reserve Bank of Australia's meeting this morning which delivered a second consecutive 25 basis point increase, in line with expectations, passing by a narrow margin and lifting the Official Cash Rate to 4.1%.

USD/CAD

The Canadian Dollar softened to $1.3698 as Canada CPI eases to 1.8% YoY in February.

USD/ZAR

The South African Rand gained to 16.7717 vis-à-vis the greenback as a weaker U.S dollar helped counter diminishing expectations of a near-term interest rate cut by the U.S. Federal Reserve tomorrow, amid persistently high energy prices.

USD/MUR

The Dollar-Rupee retreated to 47.09 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

1:00 PM EUR Consumer Price Index (EU Norm) (YoY) (Feb)

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

2:00 PM EUR ZEW Survey – Current Situation (Mar)

2:00 PM EUR ZEW Survey – Economic Sentiment (Mar)

2:00 PM EUR ZEW Survey – Economic Sentiment (Mar)

4:15 PM USD ADP Employment Change 4-week average

6:00 PM USD Pending Home Sales (MoM) (Feb)

7:15 PM EUR ECB's Nagel speech

10:00 PM USD Monthly Budget Statement (Jan)

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

1.1662

1.3481

160.48

17.19

1.1595

1.3411

160.11

17.07

1.1549

1.3365

159.58

16.87

1.1482

1.3295

159.21

16.75

1.1436

1.3249

158.68

16.56

1.1369

1.3179

158.31

16.43

1.1323

1.3133

157.78

16.24

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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