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Market Patrol 22 May 2026

Life is really simple, but we insist on making it complicated. 

Confucius
Indicative Selling Rates
against MUR
USD
22 May 2026
  • AUD
  • 35.64
  • 0.7413
  • BWP
  • 3.56
  • 0.0740
  • CAD
  • 36.27
  • 1.3256
  • CNY
  • 7.46
  • 6.4450
  • DKK
  • 7.80
  • 6.1641
  • EUR
  • 55.85
  • 1.1616
  • HKD
  • 6.36
  • 7.5597
  • INR
  • 0.52
  • 92.4615
  • JPY
  • 30.24
  • 158.9947
  • KES
  • 38.29
  • 125.5680
  • NZD
  • 29.33
  • 0.6100
  • NOK
  • 5.35
  • 8.9869
  • SGD
  • 38.69
  • 1.2427
  • ZAR
  • 3.08
  • 15.6104
  • SEK
  • 5.33
  • 9.0206
  • CHF
  • 61.15
  • 1.2718
  • GBP
  • 64.59
  • 1.3434
  • USD
  • 48.08
  • 1.0000
  • AED
  • 13.49
  • 3.5641
The Australian Dollar remained subdue after Australia’s Unemployment Rate climbed to the highest in about four and half years, with markets slashing chance of RBA rate hikes.  
Fundamental News

EUR/USD

The Euro fell to $1.1615 as the US Dollar remained firm, supported by rising odds of hawkish sentiment surrounding the Federal Reserve policy stance.

GBP/USD

The Pound Sterling traded sideways at $1.3428 amid mixed signals over the Bank of England's policy outlook and the UK political uncertainty.

USD/JPY

The Japanese Yen weakened to 159.10 versus the greenback in reaction to data showing that Japan's National core CPI rose at the slowest annual pace in four years.

AUD/USD

The Australian Dollar remained subdue around $0.7135 after Australia’s Unemployment Rate climbed to the highest in about four and half years, with markets slashing chance of RBA rate hikes.  

USD/CAD

The Canadian dollar declined to $1.3790 as oil prices softened amid growing optimism that the United States and Iran could eventually reach an agreement. 

USD/ZAR

The South African Rand rand strengthened to 16.45 against the US Dollar as markets absorbed domestic data showing a sharp rise in April inflation, driven by the impact of the war on prices.

USD/MUR

The Dollar–Rupee rose by 4 cents to 48.08 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 PM EUR IFO – Business Climate (May)

12:00 PM USD Fed's Waller speech

4:30 PM CAD Retail Sales (MoM) (Mar)

6:00 PM USD Michigan Consumer Expectations Index (May)

6:00 PM USD UoM 1-year Consumer Inflation Expectations (May)

USD Fed Chair Warsh swearing-in ceremony

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
1.1700
1.3520
159.79
16.75
R2
1.1667
1.3487
159.56
16.66
R1
1.1641
1.3457
159.25
16.55
PP
1.1608
1.3424
159.02
16.47
S1
1.1582
1.3394
158.71
16.45
S2
11549
1.3361
158.48
16.39
S3
1.1522
1.3331
158.17
16.27
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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