Market Patrol 26 February 2026 - AfrAsia Bank Mauritius

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Market Patrol 26 February 2026

The good life is one inspired by love and guided by knowledge.

Bertrand Russell

Indicative Selling Rates
against MUR
USD

27 Feb 2026

AUD
34.85
0.7440

BWP
3.54
0.0756

CAD
35.91
1.3043

CNY
7.26
6.4490

DKK
7.75
6.0438

EUR
55.56
1.1863

HKD
6.21
7.5471

INR
0.54
86.2580

JPY
31.67
147.8913

KES
37.59
124.6134

NZD
29.36
0.6268

NOK
5.11
9.1576

SGD
38.48
1.2172

ZAR
3.08
15.2092

SEK
5.42
8.6468

CHF
62.86
1.3420

GBP
63.51
1.3560

USD
46.84
1.0000

AED
13.29
3.5255

The South African Rand grinded higher following the unveiling of the government’s 2026 national budget.

Fundamental News

EUR/USD

The Euro hopped to $1.1820 on uncertainty over President Trump’s trade policies, with expectations that the European Central Bank may halt rate cuts supporting the currency.

GBP/USD

The Pound Sterling soared to $1.3558 supported by weaker-than-anticipated UK inflation data and a broad decline in the U.S dollar.

USD/JPY

The Japanese Yen declined to 156.00 against the greenback as Bank of Japan Governor Kazuo Ueda indicated that the central bank would review economic data in March and April before making decisions on further rate hikes.

AUD/USD

The Australian dollar kept its bullish bias, trading around $0.7136 this morning, after inflation came in above expectations, raising the likelihood of another interest rate hike by the Reserve Bank of Australia this year.

USD/CAD

The Canadian Dollar climbed further to 1.3672 against the U.S dollar as market remained cautious holding off on larger moves while waiting for key US‑Iran nuclear negotiations to unfold.

USD/ZAR

The South African Rand grinded higher to 15.8414 against the U.S. dollar following the unveiling of the government’s 2026 national budget.

USD/MUR

The Dollar-Rupee fell by 3cents to 46.79 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

12:30 PM EUR ECB's President Lagarde speech

2:00 PM EUR Business Climate (Feb)

2:00 PM EUR Consumer Confidence (Feb)

2:00 PM EUR Economic Sentiment Indicator (Feb)

2:20 PM GBP BoE's Lombardelli speech

5:30 PM CAD Current Account (Q4)

5:30 PM USD Initial Jobless Claims

7:00 PM USD Fed's Bowman 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

1.1869

1.3667

158.50

16.10

1.1842

1.3616

157.67

16.04

1.1826

1.3588

157.02

15.94

1.1799

1.3537

156.19

15.88

1.1783

1.3509

155.54

15.79

1.1756

1.3458

154.71

15.73

1.1740

1.3430

154.06

15.63

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

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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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