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Treasury

Daily Market Patrol

Market Patrol 23 February 2026

Knowledge will give you power, but character respect.

Bruce Lee
Indicative Selling Rates
against MUR
USD
23 Feb 2026
  • AUD
  • 34.51
  • 0.7393
  • BWP
  • 3.54
  • 0.0759
  • CAD
  • 35.79
  • 1.3040
  • CNY
  • 7.19
  • 6.4946
  • DKK
  • 7.73
  • 6.0343
  • EUR
  • 55.44
  • 1.1878
  • HKD
  • 6.19
  • 7.5383
  • INR
  • 0.54
  • 86.0462
  • JPY
  • 31.85
  • 146.5478
  • KES
  • 37.46
  • 124.5983
  • NZD
  • 29.24
  • 0.6265
  • NOK
  • 5.10
  • 9.1431
  • SGD
  • 38.31
  • 1.2181
  • ZAR
  • 3.05
  • 15.2963
  • SEK
  • 5.41
  • 8.6269
  • CHF
  • 62.68
  • 1.3430
  • GBP
  • 63.39
  • 1.3582
  • USD
  • 46.67
  • 1.0000
  • AED
  • 13.24
  • 3.5258
The Pound Sterling strengthened supported by stronger-than-expected UK Retail Sales data for January,
Fundamental News

EUR/USD

The Euro advanced to 1.1820 buoyed by escalating global trade tensions that are reshaping market sentiment and increasing demand for the common currency.

 GBP/USD

The Pound Sterling strengthened to 1.3530 supported by stronger-than-expected UK Retail Sales data for January, which has boosted confidence in the UK economy.

 USD/JPY

The Japanese Yen climbed to 154.40 against the greenback as investors are concerned about a possible trade war.

AUD/USD

The Australian dollar advanced to 0.7070 as investors grew more confident that the Reserve Bank of Australia will uphold a relatively tight monetary policy stance. 

USD/CAD

The Canadian Dollar moved up to 1.3664 versus the U.S dollar, buoyed by firmer crude oil prices and lingering uncertainty over U.S trade measures following the decision by U.S President Donald Trump to impose a new 15% global import duty.

USD/ZAR

The South African Rand firmed to 15.9961 as strengthening market sentiment and renewed investor optimism lent support to the currency.

USD/MUR

The Dollar-Rupee slipped by 20 cents today, trading at 46.67 on the offer side this morning.

 



Fundamental & Technical Data
Economic Indicators-Local Time

1:00 PM EUR IFO – Business Climate (Feb)

1:00 PM EUR IFO – Current Assessment (Feb)

1:00 PM EUR IFO – Expectations (Feb)

1:00 PM EUR Consumer Price Index (EU Norm) (YoY) (Jan)

1:00 PM EUR Consumer Price Index (YoY) (Jan)

3:00 PM GBP BoE's Taylor speech

5:00 PM USD Fed's Waller speech

7:00 PM USD Factory Orders (MoM) (Dec)

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
R3
1.1875
1.3598
156.49
16.36
R2
1.1842
1.3556
156.06
16.28
R1
1.1811
1.3518
155.57
16.07
PP
1.1778
1.3476
155.14
16.01
S1
1.1747
1.3438
154.65
15.95
S2
1.1714
1.3396
154.22
15.86
S3
1.1683
1.3358
153.73
15.74
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
Chart posted on 21.01.2025
Weekly Market Update by Devisha Ramsurrun
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.