Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 29 January 2026

"Keep your eyes on the stars, and your feet on the ground."  -- Theodore Roosevelt

Indicative Selling Rates
against MUR
USD
03 Feb 2026
  • AUD
  • 34.01
  • 0.7333
  • BWP
  • 3.52
  • 0.0759
  • CAD
  • 35.59
  • 1.3030
  • CNY
  • 7.11
  • 6.5191
  • DKK
  • 7.68
  • 6.0353
  • EUR
  • 55.03
  • 1.1868
  • HKD
  • 6.16
  • 7.5336
  • INR
  • 0.54
  • 85.6425
  • JPY
  • 31.44
  • 147.5004
  • KES
  • 37.22
  • 124.5714
  • NZD
  • 29.29
  • 0.6316
  • NOK
  • 4.99
  • 9.2851
  • SGD
  • 37.91
  • 1.2230
  • ZAR
  • 3.04
  • 15.2697
  • SEK
  • 5.43
  • 8.5426
  • CHF
  • 61.85
  • 1.3339
  • GBP
  • 63.78
  • 1.3755
  • USD
  • 46.37
  • 1.0000
  • AED
  • 13.16
  • 3.5242
The Euro weakens as the Federal Reserve keeps interest rates steady yesterday.
Fundamental News

EUR/USD

The Euro slipped back toward 1.1985 after the US Federal Reserve held rates unchanged, with the dollar finding some support post‑FOMC. ECB officials have flagged concern about the euro’s strength, saying further gains could hurt inflation, limiting upside for the single currency.

GBP/USD

The Pound Sterling remains on an upward trend at 1.3835, still supported by strong UK fundamentals.

USD/JPY

The Japanese Yen fell slightly to 152.95 versus the greenback due to concerns over Japan’s fiscal outlook and political uncertainty ahead of elections..

AUD/USD

The Australian dollar climbed towards 0.7080 against the U.S dollar after stronger Australian inflation increased expectations of an RBA rate hike. 

USD/CAD

The Canadian Dollar gained to 1.3520 against the U.S dollar as the Bank of Canada held its policy rate at 2.25% yesterday. 

USD/ZAR

The South African Rand appreciated to around 15.68 against the U.S dollar reaching its strongest level since June 2022 as gold prices hit record highs.

USD/MUR

The Dollar-Rupee rose by 5cents at 45.58 (selling) this morning.

 

 





Fundamental & Technical Data
Economic Indicators-Local Time

2:00 PM EUR Consumer Confidence (Jan)

2:00 PM EUR Economic Sentiment Indicator (Jan)

5:30 PM USD Initial Jobless Claims

5:30 PM USD Nonfarm Productivity (Q3)

5:30 PM USD Unit Labor Costs (Q3)

6:30 PM EUR ECB's Cipollone speech

7:00 PM USD Factory Orders (MoM) (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
1.2366
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.