Market Patrol 22 April 2026 - AfrAsia Bank Mauritius

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Market Patrol 22 April 2026

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Albert Schweitzer

Indicative Selling Rates
against MUR
USD

24 Apr 2026

AUD
35.20
0.7441

BWP
3.51
0.0741

CAD
36.17
1.3082

CNY
7.35
6.4362

DKK
7.74
6.1088

EUR
55.53
1.1738

HKD
6.26
7.5590

INR
0.53
89.2704

JPY
31.21
151.5796

KES
37.85
124.9819

NZD
28.97
0.6123

NOK
5.27
8.9837

SGD
38.41
1.2317

ZAR
3.01
15.7325

SEK
5.34
8.8536

CHF
62.38
1.3185

GBP
64.01
1.3531

USD
47.31
1.0000

AED
13.41
3.5268

The Japanese Yen slipped as concerns over energy supply disruptions through the Strait of Hormuz and fading Bank of Japan rate hike expectations continued to weigh on the currency.

Fundamental News

EUR/USD

The Euro dipped near 1.1750 on the back of a stronger US Dollar amid Middle East tensions, strong US Retail Sales, and weak ZEW Economic Sentiment Index data, while European Central Bank President Christine Lagarde warned the Eurozone outlook remained uncertain due to energy risks linked to the Strait of Hormuz.

GBP/USD

The Pound Sterling trod water at around $1.3530 as UK CPI data due today is set to rise above target at 3.3% YoY, reinforcing inflation concerns and shaping Bank of England rate expectations amid ongoing energy shock pressures.

USD/JPY

The Japanese Yen slipped to $159.20 as concerns over energy supply disruptions through the Strait of Hormuz and fading Bank of Japan rate hike expectations continued to weigh on the currency.

AUD/USD

The Australian Dollar rose to trade around $0.7170 as easing Middle East tensions and expectations around Australia’s Westpac Leading Index supported the Aussie, though gains were limited by a stronger US Dollar after solid US Retail Sales.

USD/CAD

The Canadian Dollar held above $1.3640 as the effect of US–Iran ceasefire extension was partly offset by lower crude oil prices weighing on the currency.

USD/ZAR

The South African Rand was little changed at $16.40 as weaker business confidence data offset a cautious but neutral central bank policy review, leaving overall sentiment subdued.

USD/MUR

The dollar–rupee rose by 18 cents to 46.99 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

11:40 AM EUR ECB's Lane speech

12:05 PM GBP BoE's Breeden speech

2:00 PM EUR German Buba Monthly Report

4:15 PM EUR ECB's Lane speech

4:45 PM EUR ECB's Cipollone speech

6:00 PM EUR Consumer Confidence (Apr) Prel

7:10 PM EUR ECB's Sleijpen speech

9:00 PM EUR ECB's Nagel speech

9:30 PM EUR ECB's President Lagarde 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

1.1862

1.3609

160.94

16.85

1.1827

1.3575

160.35

16.72

1.1785

1.3542

159.87

16.60

1.1750

1.3508

159.28

16.51

1.1708

1.3475

158.80

16.47

1.1673

1.3441

158.21

16.35

1.1631

1.3408

157.73

16.22

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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