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Treasury

Daily Market Patrol

Market Patrol 26 May 2026

Your positive action combined with positive thinking results in success.

Shiv Khera
Indicative Selling Rates
against MUR
USD
29 May 2026
  • AUD
  • 35.73
  • 0.7431
  • BWP
  • 3.56
  • 0.0740
  • CAD
  • 36.27
  • 1.3256
  • CNY
  • 7.49
  • 6.4192
  • DKK
  • 7.82
  • 6.1483
  • EUR
  • 55.96
  • 1.1639
  • HKD
  • 6.36
  • 7.5597
  • INR
  • 0.53
  • 90.7170
  • JPY
  • 30.18
  • 159.3108
  • KES
  • 38.35
  • 125.3716
  • NZD
  • 29.73
  • 0.6183
  • NOK
  • 5.35
  • 8.9869
  • SGD
  • 38.74
  • 1.2411
  • ZAR
  • 3.12
  • 15.4103
  • SEK
  • 5.38
  • 8.9368
  • CHF
  • 61.32
  • 1.2754
  • GBP
  • 64.61
  • 1.3438
  • USD
  • 48.08
  • 1.0000
  • AED
  • 13.49
  • 3.5641
The Japanese Yen was under pressure as economic concerns stemming from Mideast tensions undermine the currency.
Fundamental News

EUR/USD

The Euro descended to $1.1631 as uncertainty over a US-Iran peace deal boosted demand for the dollar after US forces carried out defensive strikes in southern Iran, targeting missile sites and boats allegedly laying mines.

GBP/USD

The Pound Sterling threaded within familiar territory at 1.3482 against the greenback amid weak UK economic reports have prompted traders to scale back their aggressive expectations for BoE rate hikes.

USD/JPY

The Japanese Yen was under pressure at $159 as economic concerns stemming from Mideast tensions undermine the currency.

AUD/USD

The Australian Dollar declined to $0.7157 as escalating US-Iran tensions triggered broad risk aversion and pressured commodity-linked currencies. Concerns over slower Chinese demand and softer metals prices also weighed on sentiment.

USD/CAD

The Canadian dollar was softer at 1.3814 versus the US dollar after softer Canadian inflation and falling oil prices reduced expectations for further BoC tightening.

USD/ZAR

The South African Rand rand traded sideways around $16.33 ahead of local rate decision after hotter-than-expected inflation boosted speculation of a possible rate hike.

USD/MUR

The Dollar–Rupee climbed to 48.04 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

5:00 PM EUR ECB's Sleijpen speech

5:00 PM USD Housing Price Index (MoM) (Mar)

6:00 PM USD Consumer Confidence (May)

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
1.1679
1.3582
159.31
16.51
R2
1.1666
1.3545
159.17
16.46
R1
1.1653
1.3520
159.02
16.37
PP
1.1639
1.3483
158.88
16.32
S1
1.1626
1.3459
158.74
16.24
S2
1.1613
1.3422
158.60
16.22
S3
1.1600
1.3397
158.45
16.19
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
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.