Market Patrol 20 May 2026 - AfrAsia Bank Mauritius

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Market Patrol 20 May 2026

In three words I can sum up everything I've learned about life: it goes on.

Robert Frost

Indicative Selling Rates
against MUR
USD

20 May 2026

AUD
35.45
0.7370

BWP
3.56
0.0740

CAD
36.36
1.3229

CNY
7.45
6.4564

DKK
7.80
6.1667

EUR
55.79
1.1599

HKD
6.36
7.5629

INR
0.52
92.5000

JPY
30.26
158.9557

KES
38.46
125.0650

NZD
29.12
0.6054

NOK
5.33
9.0244

SGD
38.62
1.2455

ZAR
3.03
15.8746

SEK
5.29
9.0926

CHF
60.90
1.2661

GBP
64.42
1.3393

USD
48.10
1.0000

AED
13.50
3.5630

The Pound Sterling crawled lower after weak UK labor-market data reinforced concerns about slowing growth, with payrolls and vacancies falling sharply and unemployment ticking higher.

Fundamental News

EUR/USD

The Euro collapsed to $1.1597 as market sentiment turned risk-off amid fears that the war in the Middle East could resume if Iran doesn’t reach a deal with the US.

GBP/USD

The Pound Sterling crawled lower to $1.3394 after weak UK labor-market data reinforced concerns about slowing growth, with payrolls and vacancies falling sharply and unemployment ticking higher.

USD/JPY

The Japanese Yen traded cautiously around 158.98 as markets continued to speculate about another potential intervention warning from Japanese officials if USD/JPY pushes higher again.

AUD/USD

The Australian Dollar fell below $0.7100 as geopolitical uncertainties and elevated crude oil prices weigh on the currency.

USD/CAD

The Canadian dollar was broadly steady at 1.3755 versus the greenback, supported by firmer crude oil prices though gains were limited by continued uncertainty over the Bank of Canada’s rate path as domestic growth slows.

USD/ZAR

The South African Rand dipped to 16.7023 against the US dollar amid global risk appetite softened and investors reacted to ongoing concerns around South Africa’s fiscal outlook, electricity supply instability, and coalition political tensions.

USD/MUR

The Dollar–Rupee rose to 48.10 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 AM EUR Non-Monetary Policy ECB Meeting

11:15 AM USD Fed's Barr speech

1:00 PM EUR Core Harmonized Index of Consumer Prices (MoM) (Apr)

10:00 PM USD FOMC Minutes

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

1.1714

1.3486

159.92

17.00

1.1687

1.3461

159.58

16.88

1.1645

1.3427

159.31

16.79

1.1618

1.3402

158.98

16.78

1.1576

1.3368

158.71

16.68

1.1549

1.3343

158.37

16.59

1.1507

1.3309

158.11

16.47

Technical Analysis - Forex Charts

EUR/USD Technical Views- Double Zig-Zag (WXY) Structure; Larger-Degree Wave X Still Unfolding

Chart updated on 29.04.2026

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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