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Treasury

Daily Market Patrol

Market Patrol 20 February 2026

The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will. 

Vince Lombardi
Indicative Selling Rates
against MUR
USD
20 Feb 2026
  • AUD
  • 34.48
  • 0.7356
  • BWP
  • 3.54
  • 0.0755
  • CAD
  • 35.88
  • 1.3064
  • CNY
  • 7.21
  • 6.4963
  • DKK
  • 7.72
  • 6.0684
  • EUR
  • 55.36
  • 1.1812
  • HKD
  • 6.22
  • 7.5377
  • INR
  • 0.54
  • 86.2882
  • JPY
  • 31.80
  • 147.3731
  • KES
  • 37.61
  • 124.6161
  • NZD
  • 29.17
  • 0.6223
  • NOK
  • 5.10
  • 9.1979
  • SGD
  • 38.33
  • 1.2227
  • ZAR
  • 3.03
  • 15.4457
  • SEK
  • 5.40
  • 8.6777
  • CHF
  • 62.66
  • 1.3368
  • GBP
  • 63.31
  • 1.3507
  • USD
  • 46.87
  • 1.0000
  • AED
  • 13.29
  • 3.5256
The Dollar-Rupee surged 26 cents to 46.72 (Selling) this morning. 
Fundamental News

EUR/USD

The Euro weakened to 1.1750 due to uncertainty about leadership at the European Central Bank. A report says ECB President Christine Lagarde could leave before her term ends, which has created some market caution.

 GBP/USD

The Pound Sterling continued with its relative underperformance at $1.3450 on the back of the growing acceptance that the Bank of England  will lower borrowing costs at its next policy meeting in March.

 USD/JPY

The Japanese Yen was under pressure at 155.20 after Japan’s inflation data came in softer than expected, which reduces the chances that the Bank of Japan will raise interest rates soon.

AUD/USD

The Australian dollar remained around the 0.70 area with markets still watching RBA policy expectations and global risk cues.

USD/CAD

The Canadian Dollar stayed firm at 1.3690, supported by stronger oil prices. Supply concerns linked to US-Iran tensions help lift oil prices.

USD/ZAR

The Rand weakened to 16.16 as global markets awaited key US inflation data and a firmer dollar weighted on emerging market currencies.

USD/MUR

The Dollar-Rupee surged 15 cents to 46.87 (Selling) this morning. 

 



Fundamental & Technical Data
Economic Indicators-Local Time

11:00 AM EUR  Producer Price Index (MoM) (Jan)

 11:00 AM EUR Producer Price Index (YoY) (Jan)

 11:00 AM GBP Retail Sales (MoM) (Jan)

 12:30 PM EUR HCOB Composite PMI (Feb) Prel

 1:00 PM EUR HCOB Manufacturing PMI (Feb) Prel

 5:30 PM USD Core Personal Consumption Expenditures - Price Index (MoM) (Dec)

 6:45 PM USD S&P Global Manufacturing PMI (Feb) Prel

 

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
1.1875
1.3594
156.18
16.43
R2
1.1841
1.3556
155.75
16.32
R1
1.1804
1.3511
155.38
16.23
PP
1.1775
1.3473
154.96
16.16
S1
1.1743
1.3428
154.58
16.13
S2
1.1709
1.3390
154.16
16.04
S3
1.1677
1.3345
153.78
15.93
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
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.