Market Patrol 04 December 2025

Yesterday is not ours to recover, but tomorrow is ours to win or lose.

Lyndon B. Johnson

Indicative Selling Rates
against MUR
USD

04 Dec 2025

AUD
32.23
0.6934

BWP
3.47
0.0746

CAD
34.21
1.3586

CNY
6.96
6.6825

DKK
7.61
6.1117

EUR
54.44
1.1713

HKD
6.19
7.5065

INR
0.54
85.7016

JPY
31.52
147.4821

KES
37.21
124.9082

NZD
28.12
0.6050

NOK
4.82
9.6483

SGD
37.27
1.2472

ZAR
2.86
16.2580

SEK
5.19
8.9511

CHF
60.31
1.2975

GBP
62.28
1.3399

USD
46.48
1.0000

AED
13.19
3.5245

GBP/USD jumps above 1.3300 as markets assign a 90% probability of a BoE cut on December 18th

Fundamental News

EUR/USD
The euro firms to 1.1660 on broad PMI improvements in the Eurozone and Lagarde’s reassurance that inflation is tracking the ECB’s 2% medium-term goal.

GBP/USD

GBP/USD jumps above 1.3300 as markets assign a 90% probability of a BoE cut on December 18th , alongside an OECD upgrade to the UK outlook.

USD/JPY

The Japanese yen retraces to 155.40, while increasing expectations of a December BoJ rate hike may restrain further aggressive bearish activity.

AUD/USD
The AUD/USD extended its two-week uptrend on Thursday, briefly breaking above 0.6600 after stronger-than-expected Australian trade data showed the surplus widened in October.

USD/CAD
USDCAD hovers around 1.3960 ahead of the release of Canada’s Ivey PMI, which could provide fresh impetus later.

USD/ZAR
The South African rand holds steady at 17.10 per USD, supported by upbeat domestic GDP data.

USD/MUR
The dollar–rupee pair slipped by 3 cents today, trading at 46.48 on the offer side.

Fundamental & Technical Data

Economic Indicators-Local Time

2:00 PM EUR Retail Sales (YoY) (Oct)

5:30 PM USD Initial Jobless Claims

7:00 PM CAD Ivey Purchasing Managers Index (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

1.1749

1.3560

156.69

17.21

1.1714

1.3458

156.31

17.17

1.1692

1.3405

155.77

17.10

1.1657

1.3303

155.39

17.06

1.1635

1.3250

154.85

16.99

1.1600

1.3148

154.47

16.95

1.1578

1.3095

153.93

16.88

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

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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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