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Treasury

Daily Market Patrol

Market Patrol 29 May 2026

What you do today can improve all your tomorrows

Ralph Marston
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
Fundamental News

EUR/USD

The Euro strengthen back to 1.1640 against the US Dollar amid reports that the United States and Iran have agreed to extend the ceasefire.

GBP/USD

The Pound Sterling rose to 1.3440 as optimism surrounding the US-Iran developments led to a decline in crude oil prices, further easing global inflationary concerns.

USD/JPY

The Japanese Yen traded sideways at 159.30 after a softer Tokyo CPI print tempered bets for a BoJ rate hike in June, though intervention fears help limit losses.

AUD/USD

The Australian dollar traded firmer at 0.7165 as improving risk sentiment and stronger commodity prices supported demand for the currency.

USD/CAD

The Canadian dollar strengthened to 1.3785 as traders await Canada’s GDP report which is expected to show an annualized growth of 1.5% for the first quarter of 2026.   

USD/ZAR

The South African rand strengthened to 16.22 after the South African Reserve Bank raised rates by 25 bps to 7.0%, in response to rising inflation risks from higher oil prices and Middle East tensions.

USD/MUR

The Dollar–Rupee fell by 18 cents to 48.08 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 AM   EUR  Harmonized Index of Consumer Prices (YoY) (May) Prel

11:55 AM   EUR  Unemployment Change (Apr)

12:20 PM   GBP  BoE's Governor Bailey speech

4:00 PM     EUR   Consumer Price Index (MoM) (May) Prel

4:00 PM     EUR   Consumer Price Index (YoY) (May) Prel

4:00 PM     EUR   Harmonized Index of Consumer Prices (YoY) (May) Prel

4:30 PM     CAD   Gross Domestic Product Annualized (Q1)

5:10 PM     USD   Fed's Bowman speech

5:15 PM     USD   Fed's Paulson speech

5:45 PM     USD   Chicago PMI (May)

9:40 PM     USD    Fed's Daly 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
1.1753
1.3556
160.08
16.67
R2
1.1707
1.3503
159.86
16.58
R1
1.1678
1.3472
159.54
16.40
PP
1.1632
1.3419
159.32
16.31
S1
1.1603
1.3389
159.00
16.13
S2
1.1556
1.3336
158.78
16.04
S3
1.1528
1.3305
158.46
15.87
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.