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Treasury

Daily Market Patrol

Market Patrol 12th September 2025

Problems are not stop signs, they are guidelines.

Robert H. Schuller
Indicative Selling Rates
against MUR
USD
12 Sep 2025
  • AUD
  • 31.54
  • 0.6866
  • BWP
  • 3.78
  • 0.0823
  • CAD
  • 34.11
  • 1.3468
  • CNY
  • 6.83
  • 6.7251
  • DKK
  • 7.42
  • 6.1938
  • EUR
  • 54.13
  • 1.1782
  • HKD
  • 6.04
  • 7.6028
  • INR
  • 0.54
  • 85.6665
  • JPY
  • 32.14
  • 142.9303
  • KES
  • 36.59
  • 125.5623
  • NZD
  • 28.17
  • 0.6132
  • NOK
  • 4.77
  • 9.6235
  • SGD
  • 36.84
  • 1.2470
  • ZAR
  • 2.78
  • 16.5176
  • SEK
  • 5.07
  • 9.0626
  • CHF
  • 58.73
  • 1.2783
  • GBP
  • 62.57
  • 1.3621
  • USD
  • 45.94
  • 1.0000
  • AED
  • 13.04
  • 3.5228
The Euro rallied as ECB kept interest rates unchanged, and U.S. Jobs data disappointed.
Fundamental News

EUR/USD

The Single Currency touched a high at $1.1745 before retracting to $1.1723, underpinned by a weaker greenback as Initial Jobless Claims in the U.S. missed expectations while the European Central Bank kept interest rates unchanged. 

GBP/USD

The Pound Sterling gained to $1.3555 ahead of British Gross Domestic Product, and Industrial Production figures. 

USD/JPY

The yen was remained tepid at 147.48 as markets await the successor of Japanese Prime Minister Shigeru, with the possibility that the new regime might instead put pressure on the Bank of Japan to keep domestic interest rates low. 

AUD/USD
The Australian dollar appreciated to $0.6660, touching a new ten-month high with little local impetus and a weakening U.S. Dollar. 

USD/CAD

The Canadian Dollar climbed to 1.3842 against the greenback despite a drop in oil prices, and a cleared domestic calendar. 

USD/ZAR
The South African rand rallied to 17.36 vis-a-vis the greenback as emerging markets' currencies remain sensitive to a growing anticipation of a more aggressive rate cut in the U.S next week.

USD/MUR
The dollar-rupee doused to 45.94 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 EUR German CPI

10:00 GBP GDP 

10l00 GBP Industrial Production

10:45 EUR France CPI

12:15 EUR ECB Nagel's Speech

12:30 GBP Consumer Inflation Expectations 

18:00 USD Michigan Consumer Expectations Index 

 

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4.5%
30-Jul-2025
16-Sep-2025
European Central Bank
2.00%
24-Jun-2025
11-Sep-2025
Bank of England
4.00%
07-Aug-2025
18-Sep-2025
Bank of Japan
0.5%
30-Jul-2025
18-Sep-2025
Reserve Bank of Australia
3.6%
20-May-2025
30-Sep-2025
S.Africa Reserve Bank
7.0%
31-Jul-2025
18-Sep-2025
Reserve Bank of India
5.5%
06-Jun-2025
01-Oct-2025
Bank of Mauritius
4.50%
04-Feb-2025
12-Nov-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
1.1850
1.3695
149.13
17.70
R2
1.1798
1.3639
148.66
17.63
R1
1.1766
1.3606
147.94
17.49
PP
1.1714
1.3550
147.47
17.36
S1
1.1682
1.3517
146.75
17.32
S2
1.1630
1.3461
146.28
17.28
S3
1.1598
1.3428
145.56
17.21
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 Keshav Anghraj Callychurn
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.