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Treasury

Daily Market Patrol

Market Patrol 5 January 2026

Perfection is not attainable but if we chase perfection we can catch excellence


 

Vince Lombardi
Indicative Selling Rates
against MUR
USD
08 Jan 2026
  • AUD
  • 33.07
  • 0.7032
  • BWP
  • 3.52
  • 0.0749
  • CAD
  • 34.85
  • 1.3496
  • CNY
  • 7.11
  • 6.6129
  • DKK
  • 7.70
  • 6.1069
  • EUR
  • 55.20
  • 1.1737
  • HKD
  • 6.26
  • 7.5138
  • INR
  • 0.55
  • 85.2246
  • JPY
  • 31.62
  • 148.7420
  • KES
  • 37.74
  • 124.6302
  • NZD
  • 28.43
  • 0.6045
  • NOK
  • 4.86
  • 9.6691
  • SGD
  • 38.05
  • 1.2360
  • ZAR
  • 2.99
  • 15.7133
  • SEK
  • 5.36
  • 8.7734
  • CHF
  • 61.24
  • 1.3022
  • GBP
  • 63.62
  • 1.3528
  • USD
  • 47.03
  • 1.0000
  • AED
  • 13.34
  • 3.5262
Fundamental News

EUR/USD

The EUR/USD pair weakened at 1.1680, driven by heightened safe-haven demand as geopolitical risks resurfaced after the United States captured Venezuelan President Nicolás Maduro.

GBP/USD

GBP/USD opens weaker at 1.3430 as geopolitical tensions boost the USD. Diverging Fed-BoE expectations provide some support, while traders stay cautious ahead of key US data this week.

USD/JPY

The Japanese Yen weakened and is currently trading at $157.20 due to a firmer US Dollar and uncertainty over future Bank of Japan rate hikes.

AUD/USD

The Australian Dollar fell against the US Dollar to trade at $0.6671 after China’s PMI slightly declined in December, however it may gain support as expectations grow that the Reserve Bank of Australia will raise interest rates.

USD/CAD

USD/CAD lifts to 1.3750 amid geopolitical tensions between the U.S. and Venezuela.

USD/ZAR

The South African rand strengthened to trade at $ 16.50 on the back of surging precious metals and renewed policy credibility, setting a constructive tone for 2026 even as authorities remain wary of excessive currency strength.

USD/MUR

The dollar-rupee trades on a higher note at 46.95 (selling).




Fundamental & Technical Data
Economic Indicators-Local Time

1:30 PM EUR Sentix Investor Confidence (Jan)

7:00 PM USD ISM Manufacturing Employment Index (Dec)

7:00 PM USD ISM Manufacturing PMI (Dec)

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
1.1761
1.3477
156.90
16.66
R2
1.1758
1.3469
156.86
16.62
R1
1.1753
1.3463
156.81
16.55
PP
1.1750
1.3455
156.77
16.51
S1
1.1745
1.3449
156.72
16.45
S2
1.1742
1.3441
156.68
16.40
S3
1.1737
1.3435
156.63
16.34
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.