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Treasury

Daily Market Patrol

Market Patrol 28 May 2026

Do something wonderful, people may imitate it. 

Albert Schweitzer
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 South African Rand rand nosedived with attention turned to the South African Reserve Bank's interest rate decision due later today, where market expect the bank to hike the rate by 25 basis points from 6.75% to 7%.
Fundamental News

EUR/USD

The Euro plunged to $1.1592 as uncertainty surrounding the US-Iran deal continue to linger.

GBP/USD

The Pound Sterling slipped to $1.3378 as market scaled back their expectations for Bank of England rate hikes amid easing political concerns and weaker UK economic data.

USD/JPY

The Japanese Yen dipped to 159.61 against the greenback with further losses limited by fears of market intervention in Japan.

AUD/USD

The Australian Dollar lagged to 0.7104 against the US dollar due to cautious market sentiment and fading expectations of further hawkish moves by the Reserve Bank of Australia.

USD/CAD

The Canadian dollar descended to $1.3864 as declining oil prices kept the Canadian dollar under pressure.

USD/ZAR

The South African Rand rand nosedived to $16.4771 with attention turned to the South African Reserve Bank's interest rate decision due later today, where market expect the bank to hike the rate by 25 basis points from 6.75% to 7%.

USD/MUR

The Dollar–Rupee rose by 24 cents to 48.26 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:20 AM EUR ECB's President Lagarde speech

12:30 PM EUR ECB's Cipollone speech

1:00 PM EUR Business Climate (May)

1:00 PM EUR Consumer Confidence (May)

1:00 PM EUR Economic Sentiment Indicator (May)

3:30 PM EUR ECB Monetary Policy Meeting Accounts

4:30 PM CAD Current Account (Q1)

4:30 PM USD Core Personal Consumption Expenditures - Price Index (MoM) (Apr)

4:30 PM USD Durable Goods Orders (Apr)

4:30 PM USD Gross Domestic Product Annualized (Q1) Prel

4:30 PM USD Initial Jobless Claims

4:30 PM USD Personal Consumption Expenditures - Price Index (MoM) (Apr)

4:55 PM USD Fed's Williams speech

6:00 PM USD New Home Sales Change (MoM) (Apr)

6:15 PM USD Fed's Musalem speech

7:40 PM GBP BoE's Breeden speech

7:45 PM EUR ECB's Schnabel 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
R3
1.1689
1.3492
160.06
16.51
R2
1.1674
1.3475
159.81
16.46
R1
1.1648
1.3449
159.65
16.41
PP
1.1634
1.3432
159.41
16.35
S1
1.1607
1.3407
159.25
16.30
S2
1.1593
1.3390
159.01
16.24
S3
1.1567
1.3365
158.85
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.