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Daily Market Patrol

Market Patrol 21 October 2026

Hard work beats talent when talent doesn't work hard.

Tim Notke
Indicative Selling Rates
against MUR
USD
21 Oct 2026
  • AUD
  • 34.96
  • 0.7283
  • BWP
  • 3.51
  • 0.0731
  • CAD
  • 35.53
  • 1.3510
  • CNY
  • 7.58
  • 6.3325
  • DKK
  • 7.54
  • 6.3660
  • EUR
  • 53.88
  • 1.1225
  • HKD
  • 6.34
  • 7.5710
  • INR
  • 0.53
  • 90.3104
  • JPY
  • 30.36
  • 158.1028
  • KES
  • 38.17
  • 125.7532
  • NZD
  • 28.32
  • 0.5900
  • NOK
  • 5.26
  • 9.1255
  • SGD
  • 38.65
  • 1.2419
  • ZAR
  • 3.08
  • 15.5844
  • SEK
  • 5.02
  • 9.5618
  • CHF
  • 58.15
  • 1.2115
  • GBP
  • 64.21
  • 1.3377
  • USD
  • 48.00
  • 1.0000
  • AED
  • 13.47
  • 3.5635
The Euro softens as French protests and fiscal strains weighed on sentiment.
Fundamental News

EUR/USD

The Euro softens against the U.S Dollar at 1.1220 as French protests and fiscal strains weighed on sentiment.

GBP/USD

The British Pound climbed to $1.3370 as stronger-than-expected UK employment data has reinforced expectations of a Bank of England rate hike in November, supporting the pound overall.

USD/JPY

The Japanese Yen faced mounting challenges at $158.15 after the latest release of Japan's Ministry of Finance merchandise Trade Balance report which showed Japan’s Trade Deficit widened.

AUD/USD

The Aussie Dollar traded near monthly high, above 0.7000 as hawkish RBA and upbeat China Q3 GDP print published on Monday provided support to the currency.

USD/CAD

The Canadian Dollar gained few pips to $1.4060 amid growing expectations of a Bank of Canada interest rate hike.

USD/ZAR

The South African Rand’s idled around $16.4031 as market will watch today's MTBPS by Finance Minister Enoch Godongwana for clues on South Africa’s fiscal outlook, amid expectations of stronger public finances and an improved sovereign ratings outlook.

USD/MUR

The Dollar–Rupee rose to 48.00 (selling) this morning. 

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 PM EUR ECB's Cipollone speech

2:00 PM EUR German Buba Monthly Report

8:30 PM EUR ECB's President Lagarde speech

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4%
16-Sep-2026
28-Oct-2026
European Central Bank
2.50%
10-Sep-2026
29-Oct-2026
Bank of England
3.75%
17-Sep-2026
05-Nov-2026
Bank of Japan
1.25%
18-Sep-2026
30-Oct-2026
Reserve Bank of Australia
4.60%
29-Sep-2026
03-Nov-2026
S.Africa Reserve Bank
7.25%
23-Sep-2026
25-Nov-2026
Reserve Bank of India
5.5%
06-Oct-2026
02-Dec-2026
Bank of Mauritius
4.75%
12-Aug-2026
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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
1.1319
1.3538
159.33
16.58
R2
1.1289
1.3473
158.96
16.52
R1
1.1263
1.3425
158.56
16.46
PP
1.1233
1.3360
158.19
16.40
S1
1.1206
1.3312
157.78
16.34
S2
1.1177
1.3247
157.41
16.29
S3
1.1150
1.3199
157.00
16.22
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.