Market Patrol 23 October 2026 - AfrAsia Bank Mauritius

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Market Patrol 23 October 2026

Doing well with money has a little to do with how smart you are and a lot to do with how you behave.

Morgan Housel

Indicative Selling Rates
against MUR
USD

23 Oct 2026

AUD
34.83
0.7279

BWP
3.49
0.0729

CAD
35.56
1.3456

CNY
7.56
6.3294

DKK
7.51
6.3715

EUR
53.66
1.1214

HKD
6.32
7.5712

INR
0.53
90.5564

JPY
30.50
156.8852

KES
38.08
125.6565

NZD
28.32
0.5918

NOK
5.28
9.0625

SGD
38.54
1.2416

ZAR
3.05
15.6885

SEK
5.01
9.5509

CHF
58.27
1.2178

GBP
64.09
1.3394

USD
47.85
1.0000

AED
13.43
3.5629

The Euro was under pressure as France’s worsening debt crisis, with 10-year bond yields rising above 5%, and higher oil prices increasing concerns over Europe’s economic outlook.

Fundamental News

EUR/USD

The Euro was under pressure at $1.1210 as France’s worsening debt crisis, with 10-year bond yields rising above 5%, and higher oil prices increasing concerns over Europe’s economic outlook.

GBP/USD

The Pound Sterling retreated to $1.3390 amid renewed US dollar demand amid rising Middle East tensions and stronger US labour-market data.

USD/JPY

The Japanese Yen gained momentum at $156.90 after Japan’s National CPI reaffirmed BoJ rate hike bets.

AUD/USD

The Australian Dollar continued to benefit from the RBA’s recent hawkish rhetoric and traded at $0.7008 this morning.

USD/CAD

The Canadian Dollar outperformed most of its major peers at $1.4010, supported by rising Oil prices amid tensions in the Middle East.

USD/ZAR

The South African Rand spiraled down to 16.5107 against the US dollar following South Africa’s mini-budget.

USD/MUR

The Dollar–Rupee shed few cents to 47.85 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

11:30 EUR HCOB Composite PMI (Oct) Prel

11:30 EUR HCOB Manufacturing PMI (Oct) Prel

11:30 EUR HCOB Services PMI (Oct) Prel

12:00 EUR HCOB Composite PMI (Oct) Prel

12:00 EUR HCOB Manufacturing PMI (Oct) Prel

12:00 EUR HCOB Services PMI (Oct) Prel

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

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

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

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

1.1317

1.3490

159.33

16.74

1.1286

1.3454

158.79

16.64

1.1249

1.3426

157.77

16.57

1.1218

1.3390

157.22

16.51

1.1182

1.3362

156.21

16.47

1.1151

1.3326

155.66

16.39

1.1114

1.3298

154.64

16.29

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

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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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