Market Patrol 14th July 2025

Optimism is the faith that leads achievement. Nothing can be done without hope and confidence.

Helen Keller

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 Pound Sterling tumbled amid soft UK GDP fueled August BoE cut bets.

Fundamental News

EUR/USD
The Euro drifted lower to $1.1666, weighed down by the European Union's announcement yesterday that it would extend its pause on retaliatory measures against US tariffs until early August, in hopes of reaching a negotiated agreement.

GBP/USD
The Pound Sterling crumbled to $1.3460 after Friday’s weaker UK GDP reaffirmed expectations of an August Bank of England rate cut, potentially acting as a headwind.

USD/JPY

The Yen backslid to 147.36 against the greenback, undermined by trade jitters and reduced BoJ rate hike bets.

AUD/USD
The Australian dollar weakened to $0.6556 unfazed by a firmer China's Trade Balance figures.

USD/CAD
The Loonie oscillated to 1.3696 against the U.S Dollar despite upswing in Canadian labor data.

USD/ZAR
The South African Rand dipped to 17.94 against the U.S. Dollar as U.S. President Donald Trump's tariff threats kept markets on edge.

USD/MUR
The dollar- rupee fell by 1 cent to 45.85(selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

14.00 EUR Eurogroup Meetings

16.30 CAD Wholesale

17.00 GBP BoE Gov Bailey 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

12-Aug-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

1.1763

1.3664

149.29

18.15

1.1739

1.3625

148.41

17.88

1.1714

1.3559

147.91

17.81

1.1690

1.3520

147.03

17.76

1.1665

1.3454

146.53

17.68

1.1641

1.3415

145.65

17.63

1.1616

1.3349

145.15

17.56

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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