Market Patrol 28 October 2026 - AfrAsia Bank Mauritius

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Market Patrol 28 October 2026

Doubt kills more dreams than failure ever will

Suzy Kassem

Indicative Selling Rates
against MUR
USD

28 Oct 2026

AUD
35.26
0.7305

BWP
3.53
0.0731

CAD
35.72
1.3513

CNY
7.63
6.3263

DKK
7.51
6.4274

EUR
53.69
1.1123

HKD
6.37
7.5777

INR
0.53
90.8355

JPY
30.56
157.9516

KES
38.38
125.7686

NZD
28.17
0.5836

NOK
5.32
9.0733

SGD
38.75
1.2457

ZAR
3.05
15.8262

SEK
5.03
9.5964

CHF
58.18
1.2053

GBP
64.21
1.3302

USD
48.27
1.0000

AED
13.54
3.5650

The Pound Sterling softened amid cautious mood ahead of UK Budget

Fundamental News

EUR/USD

The Euro weakened to $1.1120 as markets prefer to wait on the sidelines and avoid taking big positions ahead of the US Federal Reserve interest rate decision on Wednesday.

GBP/USD

The Pound Sterling softened to $1.3285 amid cautious mood ahead of UK Budget

USD/JPY

The Japanese Yen struggled at $157.75 as high crude oil prices weigh on Japan's energy-importing economy amid Israeli election uncertainty.

AUD/USD

The Australian Dollar gained few pips to $0.7035 after Consumer Price Index accelerated from the 4.0% YoY rate to 4.3% in September.

USD/CAD

The Canadian Dollar fell to $1.4065 as Fed hike bets and geopolitical risks underpin the safe-haven US Dollar, offsetting positive oil prices.

USD/ZAR

The South African Rand was steady at $16.63, supported by firmer commodity prices, while traders positioned ahead of the US Federal Reserve’s policy decision.

USD/MUR

The Dollar–Rupee rose to 48.27 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

2:00 PM GBP Autumn Forecast Statement

5:45 PM CAD BoC Interest Rate Decision

5:45 PM CAD BoC Monetary Policy Report

5:45 PM CAD BoC Monetary Policy Statement

6:30 PM CAD BoC Press Conference

10:00 PM USD Fed Interest Rate Decision

10:00 PM USD Fed Monetary Policy Statement

10:30 PM USD FOMC Press Conference

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

16-Sep-2026

28-Oct-2026

European Central Bank

2.50%

10-Sep-2026

29-Oct-2026

Bank of England

3.75%

17-Sep-2026

05-Nov-2026

Bank of Japan

1.25%

18-Sep-2026

30-Oct-2026

Reserve Bank of Australia

4.60%

29-Sep-2026

03-Nov-2026

S.Africa Reserve Bank

7.25%

23-Sep-2026

25-Nov-2026

Reserve Bank of India

5.5%

06-Oct-2026

02-Dec-2026

Bank of Mauritius

4.75%

12-Aug-2026

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

1.1215

1.3385

158.67

16.82

1.1196

1.3366

158.32

16.76

1.1160

1.3335

158.11

16.70

1.1140

1.3317

157.75

16.64

1.1105

1.3286

157.54

16.58

1.1085

1.3268

157.19

16.52

1.1050

1.3236

156.98

16.46

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

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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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