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Daily Market Patrol

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Market Patrol 21 May 2026

For success, attitude is equally as important as ability. 

Walter Scott
Indicative Selling Rates
against MUR
USD
21 May 2026
  • AUD
  • 35.51
  • 0.7392
  • BWP
  • 3.55
  • 0.0739
  • CAD
  • 36.31
  • 1.3231
  • CNY
  • 7.45
  • 6.4483
  • DKK
  • 7.80
  • 6.1590
  • EUR
  • 55.82
  • 1.1619
  • HKD
  • 6.35
  • 7.5654
  • INR
  • 0.52
  • 92.3846
  • JPY
  • 30.23
  • 158.9150
  • KES
  • 38.36
  • 125.2346
  • NZD
  • 29.24
  • 0.6087
  • NOK
  • 5.33
  • 9.0131
  • SGD
  • 38.64
  • 1.2433
  • ZAR
  • 3.07
  • 15.6482
  • SEK
  • 5.32
  • 9.0301
  • CHF
  • 61.03
  • 1.2704
  • GBP
  • 64.51
  • 1.3428
  • USD
  • 48.04
  • 1.0000
  • AED
  • 13.48
  • 3.5638
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 rose slightly to 1.1620 amid growing speculation of a US-Iran deal and a hawkish Federal Reserve outlook at April’s monetary policy meeting.

GBP/USD

The Pound Sterling was firm at 1.3430, supported by expectations that the Bank of England may keep rates higher for longer due to sticky UK wage growth and services inflation.

USD/JPY

The Japanese Yen was steady at 158.98 as traders are watching for any signals from the Bank of Japan regarding future policy normalization and potential concern over yen weakness.

AUD/USD

The Australian Dollar rose to 0.7130 supported by expectations that the Reserve Bank of Australia will remain cautious on rate cuts because inflation in Australia is easing only gradually.

USD/CAD

The Canadian dollar fell to 1.3760 as oil price declined after a Bloomberg report indicated that US President Donald Trump characterized the ongoing negotiations with Iran as being in their final stages.

USD/ZAR

The South African Rand rand held firmer at 16.48 as improved risk appetite and stronger precious metal prices offered support to the currency.

USD/MUR

The Dollar–Rupee dropped to 48.04 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:30 AM  EUR  HCOB Composite PMI (May) Prel

11:30 AM  EUR  HCOB Manufacturing PMI (May) Prel

5:45 PM  USD  S&P Global Manufacturing PMI (May) Prel

5:45 PM  USD  S&P Global Services PMI (May) 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
1.1712
1.3560
159.75
17.01
R2
1.1678
1.3511
159.45
16.88
R1
1.1649
1.3471
159.17
16.67
PP
1.1615
1.3423
158.88
16.50
S1
1.1587
1.3383
158.60
16.44
S2
1.1553
1.3334
158.30
16.33
S3
1.1524
1.3294
158.02
16.19
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
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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