Market Patrol 23 March 2026
There's no elevator to success. You have to take the stairs.
Indicative Selling Rates against MUR
USD
USD
23 Mar 2026
The Dollar-Rupee climbed to 47.03 (selling) this morning.
Fundamental News
EUR/USD
The Euro is under pressure at $1.1539 from rising energy prices, as markets favor economies benefiting from positive energy supply shocks over those facing negative ones, like the euro.
GBP/USD
The Pound Sterling nosedived to $1.3312 amid slower UK growth and rising inflation with escalating Middle East tensions.
USD/JPY
USD/ZAR
The South African Rand was softer at $17.1864 weighed down by higher oil prices and safe-haven demand for the U.S Dollar.
USD/MUR
The Dollar-Rupee climbed to 47.03 (selling) this morning.
Fundamental & Technical Data
Economic Indicators-Local Time
12:45 PM EUR ECB's Escrivá speech
7:00 PM EUR Consumer Confidence (Mar) Prel
7:00 PM EUR ECB's Cipollone speech
8:00 PM EUR ECB's Lane 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
1.1678
1.3573
161.68
17.58
R2
1.1638
1.3509
160.54
17.35
R1
1.1605
1.3426
159.88
17.19
PP
1.1565
1.3362
158.74
16.96
S1
1.1532
1.3279
158.08
16.78
S2
1.1492
1.3215
156.94
16.55
S3
1.1459
1.3132
156.28
16.38
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
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.
