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Daily Market Patrol

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Market Patrol 18 March 2026

Strive not to be a success, but rather to be of value. 

Albert Einstein
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 Euro climbed further as market await the Federal Reserve’s decision later today and the European Central Bank’s announcement tomorrow.
Fundamental News

EUR/USD

The Euro climbed further to $1.1545 as market await the Federal Reserve’s decision later today and the European Central Bank’s announcement tomorrow, against a backdrop of energy-related growth and inflation concerns.

GBP/USD

The Pound Sterling crept higher to 1.3373 against the greenback with the Bank of England being expected to leave its key interest rate unchanged at 3.75% at Thursday’s March meeting, while UK jobs data will also be in focus tomorrow. 

USD/JPY

The Japanese Yen stayed resilient around $158.70, supported by comments from Bank of Japan Governor Kazuo Ueda, who voiced optimism about rising wages and inflation, while the Bank of Japan Central bank is widely expected to hold rates at 0.75% tomorrow and leave the door open for future increases.

AUD/USD

The Australian Dollar boosted at 0.7123 against the U.S dollar buoyed by a hawkish stance from the Reserve Bank of Australia.

USD/CAD

The Canadian Dollar was little change at $1.3707 as market is looking ahead to the Bank of Canada’s decision later today against a backdrop of softer oil prices and geopolitical strains around the Strait of Hormuz.

USD/ZAR

The South African Rand progressed to $16.6232 as market turned cautious amid escalating tensions in the Middle East.

USD/MUR

The Dollar-Rupee slipped to 46.97 (selling) this morning.

 

Fundamental & Technical Data
Economic Indicators-Local Time

2:00 PM EUR Core Harmonized Index of Consumer Prices (MoM) (Feb)

2:00 PM EUR Core Harmonized Index of Consumer Prices (YoY) (Feb)

2:00 PM EUR Harmonized Index of Consumer Prices (MoM) (Feb)

4:30 PM USD Producer Price Index (MoM) (Feb)

4:30 PM USD Producer Price Index (YoY) (Feb)

4:30 PM USD Producer Price Index ex Food & Energy (MoM) (Feb)

4:30 PM USD Producer Price Index ex Food & Energy (YoY) (Feb)

5:45 PM CAD BoC Interest Rate Decision

5:45 PM CAD BoC Monetary Policy Statement

6:00 PM USD Factory Orders (MoM) (Jan)

6:30 PM CAD BoC Press Conference

10:00 PM USD Fed Interest Rate Decision

10:00 PM USD Fed Monetary Policy Statement

10:00 PM USD FOMC Economic Projections

10:00 PM USD Interest Rate Projections - 2nd year

10:00 PM USD Interest Rate Projections - Current

10:00 PM USD Interest Rate Projections - Longer

10:30 PM USD FOMC Press Conference

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
1.1652
1.3482
160.21
16.78
R2
1.1600
1.3424
159.85
16.75
R1
1.1570
1.3390
159.43
16.70
PP
1.1518
1.3332
159.07
16.67
S1
1.1488
1.3298
158.65
16.62
S2
1.1436
1.3240
158.29
16.59
S3
1.1406
1.3206
157.87
16.54
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
Previous View Market Patrol Archives
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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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