Market Patrol 16 December 2025

Man cannot discover new oceans unless he has the courage to lose sight of the shore.

Andre Gide

Indicative Selling Rates
against MUR
USD

16 Dec 2025

AUD
32.28
0.6961

BWP
3.41
0.0736

CAD
34.60
1.3400

CNY
6.96
6.6585

DKK
7.65
6.0652

EUR
54.76
1.1809

HKD
6.18
7.5016

INR
0.54
86.1028

JPY
31.55
146.9598

KES
37.20
124.6648

NZD
28.10
0.6060

NOK
4.76
9.7320

SGD
37.34
1.2419

ZAR
2.90
16.0063

SEK
5.23
8.8655

CHF
60.50
1.3046

GBP
62.29
1.3433

USD
46.37
1.0000

AED
13.16
3.5242

Fundamental News

EUR/USD

EUR/USD is flat around 1.1750, with markets awaiting German and Eurozone PMI data.

GBP/USD

GBP/USD remains in sideways trade around 1.3365–1.3370 in Asia, ahead of the UK monthly employment report.

USD/JPY

The Japanese Yen rises to a one-and-a-half-week high near 154.85 in Asia as the USD weakens, supported by expectations of a BoJ rate hike this week.

AUD/USD

AUD/USD edges lower toward 0.6630 in Asia, pressured by mixed Australian jobs data, China growth concerns, and a softer risk tone ahead of US NFP.

USD/CAD

USD/CAD trades flat around the 1.3770 area after an uptick in Canadian CPI.

USD/ZAR

The rand strengthened against the USD to around 16.78, supported by rising gold prices and a weaker dollar.

USD/MUR

The dollar-rupee trades slightly lower at 46.37 (selling).

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 AM GBP Claimant Count Change (Nov)

11:00 AM GBP ILO Unemployment Rate (3M)

1:00 PM EUR HCOB Services PMI (Dec) Prel

1:00 PM EUR HCOB Manufacturing PMI (Dec) Prel

1:00 PM EUR HCOB Composite PMI (Dec) Prel

1:30 PM GBP S&P Global Services PMI (Dec) Prel

1:30 PM GBP S&P Global Composite PMI (Dec) Prel

1:30 PM GBP S&P Global Manufacturing PMI (Dec) Prel

5:30 PM USD Nonfarm Payrolls (Oct)

5:30 PM USD Retail Sales (MoM) (Oct)

5:30 PM USD Average Hourly Earnings (YoY) (Nov)

5:30 PM USD Nonfarm Payrolls (Nov)

6:45 PM USD S&P Global Services PMI (Dec) Prel

6:45 PM USD S&P Global Composite PMI (Dec) Prel

6:45 PM USD S&P Global Manufacturing PMI (Dec) Prel

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

1.1817

1.3448

157.00

16.99

1.1793

1.3425

156.50

16.94

1.1774

1.3401

155.85

16.87

1.1750

1.3378

155.35

16.82

1.1731

1.3354

154.70

16.74

1.1707

1.3331

154.20

16.694

1.1688

1.3307

153.55

16.62

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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