Market Patrol 23 April 2026 - AfrAsia Bank Mauritius

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Market Patrol 23 April 2026

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Mahatma Gandhi

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 remains under pressure amid economic concerns driven by disruptions to shipping through the Strait of Hormuz.

Fundamental News

EUR/USD

The euro gathered some momentum, trading around $1.1710 as US–Iran ceasefire extension supports risk appetite, while ECB signals policy patience and PMI data due later today remains in focus.

GBP/USD

The pound sterling held near $1.3500 after UK CPI data beat forecasts, with markets eyeing flash PMIs and retail sales data for fresh clues.

USD/JPY

The Japanese Yen remained under pressure near 159.50 amid economic concerns driven by disruptions to shipping through the Strait of Hormuz.

AUD/USD

The Australian Dollar held around 0.7145, supported by stronger Australian activity data, with S&P Global Manufacturing PMI rising to 51.0 and S&P Global Services PMI rebounding to 50.3 in April.

USD/CAD

The Canadian dollar eased to $1.3670 after recent gains as Strait of Hormuz tensions supported the USD, while rising oil prices and BoC policy expectations kept the upside in USD/CAD capped.

USD/ZAR

The South African rand rose in the last trading session to $16.72 as the US extended a ceasefire with Iran, while domestic inflation showed a modest uptick in price pressures and retail sales indicated a mixed consumer trend.

USD/MUR

The dollar–rupee rose by 20 cents to 47.19 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

11:15 AM EUR HCOB Services PMI (Apr) Prel

11:30 AM EUR HCOB Composite PMI (Apr) Prel

12:30 PM GBP S&P Global Composite PMI (Apr) Prel

5:45 PM USD S&P Global Manufacturing PMI (Apr) Prel

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

1.1806

1.3574

160.12

16.63

1.1785

1.3556

159.84

16.57

1.1745

1.3529

159.66

16.52

1.1724

1.3511

159.38

16.51

1.1684

1.3484

159.20

16.46

1.1663

1.3466

158.92

16.41

1.1623

1.3439

158.74

16.35

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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