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Treasury

Daily Market Patrol

Market Patrol 8 January 2026

It always seems impossible until it's done

Nelson Mandela
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 euro fell slightly to 1.1680 as Germany’s inflation came in lower than expected. With key U.S. jobs data approaching and mixed U.S. economic numbers, traders stay cautious, keeping both the euro and the dollar in a narrow range without a clear trend.

GBP/USD

The Pound Sterling slipped slightly around 1.3465 as traders wait for Friday’s U.S. jobs report. A cautious tone surrounding the BoE policy outlook could support the Pound Sterling. 

USD/JPY

The Yen weakened slightly, trading near 156.70 per dollar, as reduced global tensions lowered demand for safe-haven currencies.

AUD/USD

The Aussie slipped a bit against the USD at 0.6710 after new data showed Australia’s trade surplus got smaller.

USD/CAD

The Canadian dollar slipped to trade around $1.3860 as concerns about oil demand outweigh assurances from PM Mark Carney that Canadian crude will stay competitive amid higher Venezuelan supply.

USD/ZAR

The rand dropped to around 16.45 per dollar after local data showed South African business activity slowing.

USD/MUR

The dollar–rupee pair climbed by 9 cents today, quoted at 47.03 on the offer side. 



Fundamental & Technical Data
Economic Indicators-Local Time

2:00 PM EUR Business Climate (Dec)

2:00 PM EUR Consumer Confidence (Dec)

2:00 PM EUR Economic Sentiment Indicator (Dec)

2:00 PM EUR Producer Price Index (MoM) (Nov)

2:00 PM EUR Producer Price Index (YoY) (Nov)

2:00 PM EUR Unemployment Rate (Nov)

5:30 PM USD Initial Jobless Claims

5:30 PM USD Nonfarm Productivity (Q3)

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
1.1726
1.3558
157.46
16.65
R2
1.1714
1.3538
157.13
16.57
R1
1.1696
1.3497
156.95
16.51
PP
1.1684
1.3477
156.62
16.42
S1
1.1666
1.3436
156.44
16.37
S2
1.1654
1.3416
156.11
16.28
S3
1.1636
1.3375
155.93
16.23
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.