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Treasury

Daily Market Patrol

Market Patrol 24 February 2026

I surround myself with positive, productive people of good will and decency. 

Ted Nugent
Indicative Selling Rates
against MUR
USD
24 Feb 2026
  • AUD
  • 34.61
  • 0.7382
  • BWP
  • 3.54
  • 0.0755
  • CAD
  • 35.85
  • 1.3076
  • CNY
  • 7.23
  • 6.4858
  • DKK
  • 7.74
  • 6.0599
  • EUR
  • 55.45
  • 1.1829
  • HKD
  • 6.21
  • 7.5465
  • INR
  • 0.54
  • 86.2838
  • JPY
  • 31.79
  • 147.4739
  • KES
  • 37.62
  • 124.6170
  • NZD
  • 29.24
  • 0.6237
  • NOK
  • 5.10
  • 9.1912
  • SGD
  • 38.38
  • 1.2214
  • ZAR
  • 3.06
  • 15.3188
  • SEK
  • 5.40
  • 8.6763
  • CHF
  • 62.64
  • 1.3362
  • GBP
  • 63.52
  • 1.3549
  • USD
  • 46.88
  • 1.0000
  • AED
  • 13.29
  • 3.5265
The Dollar-Rupee gained 21 cents to 46.88 (Selling) this morning.
Fundamental News

EUR/USD

The Euro eased to 1.1775 as tariff-related uncertainty persisted. However, comments from Christine Lagarde indicating that the European Central Bank will stay adaptable on interest rates are providing support to the currency.

 GBP/USD

The Pound Sterling retreated to 1.3480 against the greenback as growing expectations emerged that the Bank of England could move to cut interest rates as early as March.

 USD/JPY

The Japanese Yen fell to 155.30 driven by worries about Japan’s fiscal condition and fading expectations of a rate hike soon from the Bank of Japan.

AUD/USD

The Australian dollar dipped to 0.7060 with traders largely holding off on significant moves ahead of Australia’s inflation report on Wednesday, which could shape the Reserve Bank of Australia’s next policy decisions.

USD/CAD

The Canadian Dollar slid to 1.3710 against the U.S Dollar amid ongoing trade uncertainty, prompting investor caution. 

USD/ZAR

The South African Rand declined to 16.0357 as investors turned their attention to South Africa’s 2026 national budget, which could indicate the country’s fiscal stability.

USD/MUR

The Dollar-Rupee gained 21 cents to 46.88 (Selling) this morning.

 



Fundamental & Technical Data
Economic Indicators-Local Time

4:00 PM USD Fed's Goolsbee speech

5:15 PM USD ADP Employment Change 4-week average

6:00 PM USD Fed's Bostic speech

6:00 PM USD Fed's Collins speech

6:00 PM USD Housing Price Index (MoM) (Dec)

6:15 PM USD Fed's Waller speech

6:30 PM USD Fed's Cook speech

7:00 PM USD Consumer Confidence (Feb)

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
1.1882
1.3586
156.18
16.17
R2
1.1858
1.3560
155.61
16.12
R1
1.1822
1.3527
155.14
16.07
PP
1.1798
1.3501
154.57
16.03
S1
1.1762
1.3468
154.10
16.01
S2
1.1738
1.3442
153.53
15.96
S3
1.1702
1.3409
153.06
15.90
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.