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Treasury

Daily Market Patrol

Market Patrol 26 January 2026

"Don't judge each day by the harvest you reap but by the seeds that you plant." -- Robert Louis Stevenson 

Confucius
Indicative Selling Rates
against MUR
USD
27 Jan 2026
  • AUD
  • 33.26
  • 0.7238
  • BWP
  • 3.48
  • 0.0757
  • CAD
  • 35.11
  • 1.3087
  • CNY
  • 7.03
  • 6.5323
  • DKK
  • 7.65
  • 6.0032
  • EUR
  • 54.81
  • 1.1928
  • HKD
  • 6.11
  • 7.5174
  • INR
  • 0.53
  • 86.9306
  • JPY
  • 31.32
  • 146.6936
  • KES
  • 36.93
  • 124.4399
  • NZD
  • 28.70
  • 0.6247
  • NOK
  • 4.90
  • 9.3797
  • SGD
  • 37.60
  • 1.2222
  • ZAR
  • 3.00
  • 15.2989
  • SEK
  • 5.38
  • 8.5451
  • CHF
  • 61.33
  • 1.3346
  • GBP
  • 63.13
  • 1.3739
  • USD
  • 45.95
  • 1.0000
  • AED
  • 13.04
  • 3.5229
The U.S Dollar slipped as markets stayed cautious ahead of the Fed’s policy announcement on Wednesday.
Fundamental News

EUR/USD

The Euro traded firmer around 1.1860, supported by broad U.S Dollar weakness as markets remain cautious ahead of Wednesday’s Fed policy decision and ongoing concerns over US long-term trade relations.

GBP/USD

The Pound Sterling strengthened to 1.3670 supported by strong U.K economic data, which has cooled expectations of near-term Bank of England rate cuts.

USD/JPY

The Japanese Yen stayed strong at 154.00 against the greenback on intervention fears and hawkish BoJ signals.

AUD/USD

The Australian Dollar slipped to 0.6915 versus the greenback as safe-haven demand boosts the US dollar, despite strong Australian data supporting tighter RBA policy.

USD/CAD

The Canadian Dollar extended its gains at 1.3675 after better-than-expected retail sales, regardless of the tariff threats from Trump.

USD/ZAR

The South African Rand remained vulnerable at 16.0780 with domestic economic challenges.

USD/MUR

The Dollar-Rupee slid by 40 cents to trade at 45.98 (selling) this morning.

 

 





Fundamental & Technical Data
Economic Indicators-Local Time

1:00 PM EUR IFO – Business Climate (Jan)

1:00 PM EUR IFO – Current Assessment (Jan)

1:00 PM EUR IFO – Expectations (Jan)

3:00 PM EUR ECB's Nagel speech

5:30 PM USD Durable Goods Orders (Nov)

5:30 PM USD Durable Goods Orders ex Defense (Nov)

5:30 PM USD Durable Goods Orders ex Transportation (Nov)

5:30 PM USD Nondefense Capital Goods Orders ex Aircraft (Nov)

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
1.1872
1.3862
161.70
16.32
R2
1.1903
1.3754
160.47
16.27
R1
1.1866
1.3698
158.09
16.19
PP
1.1797
1.3590
156.86
16.08
S1
1.1760
1.3534
154.48
16.05
S2
1.1691
1.3426
153.25
16.01
S3
1.1654
1.3370
150.87
16.00
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.