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Daily Market Patrol

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Market Patrol 24 March 2026

Everyone you will ever meet knows something you don't.

Bill Nye
Indicative Selling Rates
against MUR
USD
24 Mar 2026
  • AUD
  • 34.19
  • 0.7282
  • BWP
  • 3.43
  • 0.0730
  • CAD
  • 35.78
  • 1.3123
  • CNY
  • 7.24
  • 6.4841
  • DKK
  • 7.63
  • 6.1551
  • EUR
  • 54.65
  • 1.1639
  • HKD
  • 6.21
  • 7.5568
  • INR
  • 0.53
  • 88.8644
  • JPY
  • 31.18
  • 150.5574
  • KES
  • 37.48
  • 125.2773
  • NZD
  • 28.65
  • 0.6103
  • NOK
  • 5.01
  • 9.3797
  • SGD
  • 38.10
  • 1.2323
  • ZAR
  • 2.90
  • 16.1753
  • SEK
  • 5.25
  • 8.9489
  • CHF
  • 61.82
  • 1.3166
  • GBP
  • 63.18
  • 1.3457
  • USD
  • 46.95
  • 1.0000
  • AED
  • 13.31
  • 3.5262
The Australian Dollar remained at $0.6979 after March flash Australian PMIs revealed the sharpest contraction in services activity in more than a year.
Fundamental News

EUR/USD

The Euro jumped to $1.1587 as mounting geopolitical tensions in the Middle East prompt traders to seek refuge in safe-haven assets.

GBP/USD

The Pound Sterling enhanced to 1.3411 against the greenback as market await the GBP S&P Global Purchasing Managers' Index data for March due later today. 

USD/JPY

The Japanese Yen retracted to 158.73 against the U.S dollar despite weaker equities and Bank of Japan policy expectations adding to its sensitivity.

AUD/USD

The Australian Dollar remained within familiar territory at $0.6979 after March flash Australian PMIs revealed the sharpest contraction in services activity in more than a year.

USD/CAD

The Canadian Dollar advanced to $1.3755 as easing Middle East tensions and a softer U.S dollar offset pressure from lower oil prices and shifting rate expectations.

USD/ZAR

The South African Rand escalated to 16.9271 versus the greenback amid risk-off sentiment weighed on emerging market currencies, leaving it mildly weaker.

USD/MUR

The Dollar-Rupee cooled to 46.95 (selling) this morning. 

Fundamental & Technical Data
Economic Indicators-Local Time

12:15 PM EUR HCOB Composite PMI (Mar) Prel

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

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

1:30 PM  GBP S&P Global Manufacturing PMI (Mar) Prel

5:45 PM  USD S&P Global Manufacturing PMI (Mar) 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
1.1829
1.3744
161.08
17.73
R2
1.1734
1.3611
160.37
17.49
R1
1.1674
1.3522
159.40
17.16
PP
1.1579
1.3389
158.69
16.92
S1
1.1519
1.3300
157.72
16.58
S2
1.1424
1.3167
157.01
16.34
S3
1.1364
1.3078
156.04
16.01
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
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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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