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Treasury

Daily Market Patrol

Market Patrol 28 January 2026

"From one thing, know ten thousand things."  -- Miyamoto Musashi

Indicative Selling Rates
against MUR
USD
28 Jan 2026
  • AUD
  • 33.31
  • 0.7316
  • BWP
  • 3.45
  • 0.0757
  • CAD
  • 35.12
  • 1.2963
  • CNY
  • 6.99
  • 6.5179
  • DKK
  • 7.66
  • 5.9421
  • EUR
  • 54.86
  • 1.2049
  • HKD
  • 6.06
  • 7.5176
  • INR
  • 0.52
  • 86.7340
  • JPY
  • 31.40
  • 145.0043
  • KES
  • 36.57
  • 124.4943
  • NZD
  • 28.69
  • 0.6301
  • NOK
  • 4.94
  • 9.2168
  • SGD
  • 37.52
  • 1.2136
  • ZAR
  • 3.00
  • 15.1680
  • SEK
  • 5.41
  • 8.4168
  • CHF
  • 61.71
  • 1.3554
  • GBP
  • 63.12
  • 1.3863
  • USD
  • 45.53
  • 1.0000
  • AED
  • 12.93
  • 3.5216
The Euro hit a five-year high above 1.20 overnight with market awaiting the U.S Federal Reserve (Fed) interest rate decision this afternoon.
Fundamental News

EUR/USD

The Euro hit a five-year high overnight but slipped slightly below 1.2000 against the greenback this morning ahead of the U.S Federal Reserve (Fed) interest rate decision due this afternoon. 

GBP/USD

The Pound Sterling surged to a four-year high at 1.3805 as the U.S. dollar slumped on renewed trade war concerns, with little UK data to influence markets ahead of a largely uneventful Fed decision.

USD/JPY

The Japanese Yen strengthened to 152.58 versus the greenback with Minutes from the Bank of Japan's December meeting of this morning showing that members agreed on the need to continue raising interest rates in Japan.

AUD/USD

The Australian dollar advanced to 0.6995 supported by firmer Australian bond yields and upbeat domestic data, as investors anticipate a relatively hawkish RBA.

USD/CAD

The Canadian Dollar came under pressure at 1.3585 in advance of the Bank of Canada’s policy decision this afternoon.

USD/ZAR

The South African Rand gathered some support to $15.8760 on the back of stronger precious metals prices ahead of local central bank data that the market expects will give insight into the country's economic outlook.

USD/MUR

The Dollar-Rupee fell sharply by 42cents at 45.53 (selling) this morning.

 

 





Fundamental & Technical Data
Economic Indicators-Local Time

 

11:00 AM EUR GfK Consumer Confidence Survey (Feb)

1:00 PM CHF ZEW Survey – Expectations (Jan)

2:00 PM EUR ECB's Elderson speech

6:45 PM CAD BoC Interest Rate Decision

6:45 PM CAD BoC Monetary Policy Report

6:45 PM CAD BoC Monetary Policy Statement

7:30 PM CAD BoC Press Conference

10:00 PM EUR ECB's Schnabel speech

11:00 PM USD Fed Interest Rate Decision

11:00 PM USD Fed Monetary Policy Statement

11:30 PM USD FOMC Press Conference

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
1.2366
1.4127
156.83
16.21
R2
1.2224
1.3998
155.85
16.14
R1
1.2134
1.3923
154.04
16.00
PP
1.1992
1.3794
153.06
15.88
S1
1.1902
1.3719
151.25
15.79
S2
1.1760
1.3590
150.27
15.78
S3
1.1670
1.3515
148.46
15.71
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.