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Daily Market Patrol

Market Patrol 22 October 2026

The big money is not in the buying and selling, but in the waiting.

Charlie Munger
Indicative Selling Rates
against MUR
USD
22 Oct 2026
  • AUD
  • 34.77
  • 0.7291
  • BWP
  • 3.48
  • 0.0730
  • CAD
  • 35.40
  • 1.3472
  • CNY
  • 7.54
  • 6.3249
  • DKK
  • 7.51
  • 6.3502
  • EUR
  • 53.65
  • 1.1250
  • HKD
  • 6.30
  • 7.5698
  • INR
  • 0.53
  • 90.3733
  • JPY
  • 30.30
  • 157.3927
  • KES
  • 38.02
  • 125.4340
  • NZD
  • 28.23
  • 0.5919
  • NOK
  • 5.25
  • 9.0838
  • SGD
  • 38.44
  • 1.2406
  • ZAR
  • 3.06
  • 15.5850
  • SEK
  • 5.01
  • 9.5190
  • CHF
  • 58.06
  • 1.2174
  • GBP
  • 63.95
  • 1.3410
  • USD
  • 47.69
  • 1.0000
  • AED
  • 13.39
  • 3.5616
The Euro remained relatively resilient despite mounting pressure from France’s political unrest and fiscal concerns.
Fundamental News

EUR/USD

The euro remained relatively resilient at $1.1245 despite mounting pressure from France’s political unrest and fiscal concerns as markets await ECB policymaker Fabio Panetta’s comments today.

GBP/USD

The British Pound climbed to $1.3400, underpinned by the growing acceptance that the Bank of England will hike interest rates in November, bolstered by a rise in UK consumer price inflation to an 11-month high in September.

USD/JPY

The Japanese Yen gained momentum at $157.30 as markets weighed hawkish comments from Bank of Japan Deputy Governor Ryozo Himino, who warned that delaying rate adjustments could hurt the economy.

AUD/USD

The Aussie held above $0.7015 after RBA Deputy Governor Andrew Hauser warned that Australia’s inflation outlook had deteriorated, boosting expectations of a possible November rate hike.

USD/CAD

The Canadian dollar strengthened to $1.4025 as rising crude oil prices supported the commodity-linked Loonie amid concerns over potential oil supply disruptions.

USD/ZAR

The South African rand was relatively stable at $16.40 as markets are weighing South Africa’s improving fiscal outlook and government bond-support measures against rising inflation.

USD/MUR

The Dollar–Rupee shed few cents to 47.96 (selling) this morning. 

Fundamental & Technical Data
Economic Indicators-Local Time

14:50 GBP BoE's Governor Bailey speech

16:15 EUR ECB's Panetta speech

16:30 USD Initial Jobless Claims

18:00 EUR Consumer Confidence (Oct) Prel

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
1.1268
1.3449
158.94
16.52
R2
1.1254
1.3425
158.66
16.47
R1
1.1242
1.3408
158.39
16.42
PP
1.1227
1.3385
158.11
16.38
S1
1.1215
1.3368
157.84
16.33
S2
1.1201
1.3344
157.41
16.28
S3
1.1188
1.3327
157.00
16.23
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.