Market Patrol 20 March 2026 - AfrAsia Bank Mauritius

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Market Patrol 20 March 2026

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Indicative Selling Rates
against MUR
USD

20 Mar 2026

AUD
34.78
0.7408

BWP
3.45
0.0734

CAD
35.85
1.3096

CNY
7.24
6.4847

DKK
7.61
6.1664

EUR
54.53
1.1616

HKD
6.21
7.5566

INR
0.53
88.3185

JPY
31.25
150.2604

KES
37.53
125.0904

NZD
28.92
0.6160

NOK
5.15
9.1250

SGD
38.09
1.2325

ZAR
2.94
15.9915

SEK
5.29
8.8768

CHF
61.75
1.3152

GBP
63.25
1.3472

USD
46.95
1.0000

AED
13.32
3.5258

The Pound Sterling climbed after the Bank of England maintained its rates at 3.75% yesterday and hinted at potential future hikes to address rising inflation.

Fundamental News

EUR/USD

The Euro rose to $1.1560 despite pressure from higher energy prices and global tensions, while the European Central Bank held rates steady at 2% yesterday but warned inflation may increase, sustaining rate hike expectations.

GBP/USD

The Pound Sterling climbed to 1.3411 against the greenback after the Bank of England maintained its rates at 3.75% yesterday and hinted at potential future hikes to address rising inflation.

USD/JPY

The Japanese Yen improved to $158.40 after the Bank of Japan held rates unchanged at 0.75% while signaling that rate hikes could still lie ahead.

AUD/USD

The Australian Dollar was weighed down by unemployment rising to 4.3% in February from 4.1%, coming in above expectations. The Aussie Dollar traded at 0.7092 against the U.S dollar this morning.

USD/CAD

The Canadian Dollar slipped to $1.3736 despite support from strong oil prices as persistent global uncertainty and cautious sentiment weighed on the currency.

USD/ZAR

The South African Rand weakened to 16.7811 versus the U.S dollar amid a risk-off global mood, with market concerns over higher energy prices and international tensions.

USD/MUR

The Dollar-Rupee traded 2 cents lower at 46.95 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

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

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

4:30 PM CAD Retail Sales (MoM) (Jan)

4:30 PM CAD Retail Sales ex Autos (MoM) (Jan)

9:30 PM EUR ECB's Nagel speech

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

1.1833

1.3739

161.66

17.40

1.1726

1.3604

160.79

17.24

1.1657

1.3517

159.25

17.00

1.1550

1.3382

158.38

16.84

1.1481

1.3295

156.84

16.60

1.1374

1.3160

155.97

16.44

1.1305

1.3073

154.43

16.20

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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