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Treasury

Daily Market Patrol

Market Patrol 23 January 2026

It does not matter how slowly you go as long as you do not stop.

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 traded near two-day highs around 1.1750, supported by easing EU–US trade tensions with focus turning to Friday’s flash PMIs in Europe and the US.

GBP/USD

The Pound Sterling climbed closer to 1.3500 as risk appetite improves with attention shifting to UK Retail Sales due later today. 

USD/JPY

The Japanese Yen stayed weak near 158.70 as the BoJ kept rates unchanged and offered little support for the currency. Concerns about Japan’s finances persist, though intervention fears may limit further losses

AUD/USD

The Australian Dollar rose to 0.6850 after strong economic data increased expectations that the RBA may raise interest rates.

USD/CAD

The Canadian Dollar held firm at 1.3790 as oil prices rebound. Support comes from signs of strong demand, with Saudi Aramco’s CEO playing down oversupply concerns.

USD/ZAR

The South African Rand strengthened to 16.10 driven by improved global risk sentiment and steady confidence in local fundamentals

USD/MUR

The Dollar-Rupee shed 16 cents to trade at 46.38 (selling) this morning.

 

 





Fundamental & Technical Data
Economic Indicators-Local Time

11:00 AM GBP Retail Sales (MoM) (Dec)

12:30 PM EUR HCOB Composite PMI (Jan) Prel

1:30 PM GBP S&P Global Composite PMI (Jan) Prel

2:00 PM EUR ECB's President Lagarde speech

6:45 PM USD S&P Global Manufacturing PMI (Jan) Prel

6:45 PM USD S&P Global Services PMI (Jan) 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
R3
1.1872
1.3644
159.54
16.38
R2
1.1814
1.3576
159.22
16.33
R1
1.1785
1.3539
158.82
16.23
PP
1.1727
1.3471
158.50
16.10
S1
1.1698
1.3434
158.10
16.07
S2
1.1640
1.3366
157.78
16.02
S3
1.1611
1.3329
157.38
15.91
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.