Market Patrol 20 April 2026 - AfrAsia Bank Mauritius

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Market Patrol 20 April 2026

Perseverance is not a long race; it is many short races one after the other.

Walter Elliot

Indicative Selling Rates
against MUR
USD

20 Apr 2026

AUD
35.02
0.7473

BWP
3.49
0.0744

CAD
35.87
1.3063

CNY
7.30
6.4174

DKK
7.72
6.0683

EUR
55.37
1.1815

HKD
6.20
7.5552

INR
0.53
87.9335

JPY
31.09
150.7405

KES
37.59
124.6619

NZD
28.85
0.6156

NOK
5.19
9.0239

SGD
38.24
1.2254

ZAR
3.03
15.4830

SEK
5.35
8.7636

CHF
62.13
1.3260

GBP
63.58
1.3569

USD
46.86
1.0000

AED
13.29
3.5265

The dollar–rupee rose by 13 cents to 46.86 (selling) this morning.

Fundamental News

EUR/USD

The Euro declined to $1.1754 as the US Dollar gained strength with markets anticipated the Federal Reserve would keep interest rates higher for longer, driven by ongoing inflation and tensions in the Middle East.

GBP/USD

The Pound Sterling continued to weaken at $1.3494 with tensions around the Strait of Hormuz pushing oil prices higher, intensifying inflation worries and renewing expectations that the Bank of England may raise interest rates at its next meeting.

USD/JPY

The Japanese Yen slid further to 158.96 against the greenback amid escalating tensions between the US and Iran as the Middle East conflict entered its eighth week.

AUD/USD

The Australian Dollar oscillated at $0.7148 with the hawkish stance of the Reserve Bank of Australia providing support for the Australian Dollar.

USD/CAD

The Canadian Dollar softened to 1.3699 versus the US dollar as market await the Bank of Canada Consumer Price Index (CPI) data for March due this afternoon.

USD/ZAR

The South African Rand stayed under pressure at $16.4238 as the South African Reserve Bank maintains a cautious stance amid global headwinds, while surging oil prices and a firm US dollar adds further pressure on the South African Rand.

USD/MUR

The dollar–rupee rose by 13 cents to 46.86 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

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

4:30 PM CAD Consumer Price Index (MoM) (Mar)

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

6:30 PM CAD Bank of Canada Business Outlook Survey

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

1.1913

1.3670

161.49

16.82

1.1882

1.3635

160.51

16.65

1.1823

1.3575

159.56

16.48

1.1792

1.3540

158.58

16.37

1.1733

1.3480

157.63

16.31

1.1702

1.3445

156.65

16.29

1.1643

1.3345

155.70

16.14

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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