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Treasury

Daily Market Patrol

Market Patrol 10th July 2025

A creative man is motivated by the desire to achieve, not by the desire to beat others.

Ayn Rand
Indicative Selling Rates
against MUR
USD
14 Jul 2025
  • AUD
  • 30.73
  • 0.6702
  • BWP
  • 3.51
  • 0.0765
  • CAD
  • 33.77
  • 1.3578
  • CNY
  • 6.59
  • 6.9528
  • DKK
  • 7.28
  • 6.2988
  • EUR
  • 53.82
  • 1.1739
  • HKD
  • 5.95
  • 7.7009
  • INR
  • 0.54
  • 84.5554
  • JPY
  • 31.96
  • 143.4570
  • KES
  • 36.52
  • 125.5558
  • NZD
  • 28.07
  • 0.6123
  • NOK
  • 4.61
  • 9.9450
  • SGD
  • 36.55
  • 1.2543
  • ZAR
  • 2.65
  • 17.3163
  • SEK
  • 4.85
  • 9.4574
  • CHF
  • 58.05
  • 1.2661
  • GBP
  • 62.12
  • 1.3549
  • USD
  • 45.85
  • 1.0000
  • AED
  • 12.90
  • 3.5533
The Euro firmed on positive German CPI.
Fundamental News

EUR/USD
The Single currency climbed to $1.1745 as German consumer prices stood at 2% as per this morning's release.   

GBP/USD
The Pound Sterling soared to $1.3605 on softer dollar due to prospects that the U.S might proceed with more rate cuts than anticipated this year. 

USD/JPY
The Yen licked its wounds at 146.26 against the U.S. Dollar, underpinned by a gains in the Asian equity markets this morning.  

AUD/USD
The Australian dollar ticked higher at $0.6550 as market participants continue to digest the Reserve Bank of Australia's move to keep rates unchanged, and it's governor, Michele Bullock stating that inflation risks persist, driven by elevated unit labor costs. 

USD/CAD
The Canadian Dollar climbed to 1.3670 against the U.S Dollar, supported by an increase in oil prices. 

USD/ZAR
The South African Rand lingered was little changed at 17.74 against the greenback as markets await U.S. Jobless Claims figures. 

USD/MUR
The U.S. dollar was a tad lower at 45.61(selling) against the rupee this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 EUR ECB Cipollone and Escriva speeches

16:30 USD Initial Jobless Claims 

18:00 USD Fed's Musalem speech 

19:00 GBP BoE Breeden speech 

21:15 USD Fed's Waller speech 

22:30 USD Fed's Daly speech

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4.5%
29-Jan-2025
30-Jul-2025
European Central Bank
2.00%
05-Jun-2025
24-Jul-2025
Bank of England
4.25%
08-May-2025
07-Aug-2025
Bank of Japan
0.5%
24-Jan-2025
31-Jul-2025
Reserve Bank of Australia
3.85%
20-May-2025
08-Jul-2025
S.Africa Reserve Bank
7.25%
30-Jan-2025
31-Jul-2025
Reserve Bank of India
5.5%
06-Jun-2025
07-Aug-2025
Bank of Mauritius
4.50%
04-Feb-2025
13-Aug-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
1.1779
1.3672
147.84
18.00
R2
1.1754
1.3646
147.51
17.93
R1
1.1739
1.3616
146.91
17.88
PP
1.1714
1.3590
145.58
17.79
S1
1.1699
1.3560
145.98
17.76
S2
1.1674
1.3534
145.65
17.70
S3
1.1659
1.3504
145.05
17.64
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.