Market Patrol 22 January 2026

"Take the attitude of a student, never be too big to ask questions, never know too much to learn something new." --Og Mandino

Confucius

Indicative Selling Rates
against MUR
USD

27 Jan 2026

AUD
33.26
0.7238

BWP
3.48
0.0757

CAD
35.11
1.3087

CNY
7.03
6.5323

DKK
7.65
6.0032

EUR
54.81
1.1928

HKD
6.11
7.5174

INR
0.53
86.9306

JPY
31.32
146.6936

KES
36.93
124.4399

NZD
28.70
0.6247

NOK
4.90
9.3797

SGD
37.60
1.2222

ZAR
3.00
15.2989

SEK
5.38
8.5451

CHF
61.33
1.3346

GBP
63.13
1.3739

USD
45.95
1.0000

AED
13.04
3.5229

The Euro weakened with a firmer dollar and focus on various U.S economic data this afternoon.

Fundamental News

EUR/USD

The Euro weakened to 1.1690 as Trump’s eased Greenland tariff threats reshaped risk sentiment, ahead of fresh U.S. and European economic data due this afternoon.

GBP/USD

The Pound Sterling dipped near 1.3420 while hotter UK inflation was offset by soft jobs data and traders await U.S. GDP and PCE updates.

USD/JPY

The Japanese Yen weakened to 158.85 as safe-haven demand faded and worries about Japan’s finances lingered. Investors are waiting for tomorrow's Bank of Japan meeting.

AUD/USD

The Australian Dollar gained ground around 0.6805 against the U.S Dollar as improved employment data strengthens expectations of a tighter RBA policy outlook.

USD/CAD

The Canadian Dollar dropped to 1.3825 versus the greenback as oil prices rose, with easing geopolitical tensions reducing risks to energy demand.

USD/ZAR

The South African Rand strengthened to 16.28 against the U.S Dollar helped by solid local inflation data and continued hopes of SARB easing.

USD/MUR

The Dollar-Rupee rose by 11 cents to 46.54 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

4:30 PM EUR ECB Monetary Policy Meeting Accounts

5:30 PM USD Core Personal Consumption Expenditures (QoQ) (Q3)

5:30 PM USD Gross Domestic Product Annualized (Q3)

5:30 PM USD Gross Domestic Product Price Index (Q3)

5:30 PM USD Initial Jobless Claims

7:00 PM EUR Consumer Confidence (Jan) Prel

7:00 PM USD Core Personal Consumption Expenditures - Price Index (MoM) (Oct)

7:00 PM USD Core Personal Consumption Expenditures - Price Index (YoY) (Oct)

7:00 PM USD Personal Consumption Expenditures - Price Index (MoM) (Oct)

7:00 PM USD Personal Consumption Expenditures - Price Index (YoY) (Oct)

7:00 PM USD Personal Income (MoM) (Oct)

7:00 PM USD Personal Spending (Oct)

7:00 PM USD Core Personal Consumption Expenditures - Price Index (MoM) (Nov)

7:00 PM USD Core Personal Consumption Expenditures - Price Index (YoY) (Nov)

7:00 PM USD Personal Consumption Expenditures - Price Index (MoM) (Nov)

7:00 PM USD Personal Consumption Expenditures - Price Index (YoY) (Nov)

7:00 PM USD Personal Income (MoM) (Nov)

7:00 PM USD Personal Spending (Nov)

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

1.1921

1.3578

159.42

16.59

1.1845

1.3535

158.97

16.51

1.1785

1.3488

158.64

16.39

1.1709

1.3430

158.19

16.27

1.1649

1.3400

157.86

16.23

1.1573

1.3372

157.41

16.10

1.1513

1.3342

157.08

15.97

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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