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Treasury

Daily Market Patrol

Market Patrol 16th July 2025

Set your goals high, and don't stop till you get there.

Bo Jackson
Indicative Selling Rates
against MUR
USD
18 Jul 2025
  • AUD
  • 30.96
  • 0.6709
  • BWP
  • 3.36
  • 0.0729
  • CAD
  • 34.35
  • 1.3437
  • CNY
  • 6.63
  • 6.9642
  • DKK
  • 7.38
  • 6.2499
  • EUR
  • 53.87
  • 1.1673
  • HKD
  • 5.99
  • 7.7010
  • INR
  • 0.54
  • 84.7430
  • JPY
  • 32.02
  • 144.1240
  • KES
  • 36.75
  • 125.5776
  • NZD
  • 28.07
  • 0.6083
  • NOK
  • 4.58
  • 10.0736
  • SGD
  • 36.91
  • 1.2502
  • ZAR
  • 2.71
  • 17.0254
  • SEK
  • 4.83
  • 9.5459
  • CHF
  • 58.47
  • 1.2670
  • GBP
  • 62.21
  • 1.3479
  • USD
  • 46.15
  • 1.0000
  • AED
  • 13.10
  • 3.5242
The Shared currency dived on strong U.S CPI
Fundamental News

EUR/USD
The Single currency sapped to $1.1623 following stronger-than-expected U.S inflation data, which highlighted the early impact of President Donald Trump’s trade tariff. 

GBP/USD
The Pound Sterling sank to $1.3377 but recovered at $1.3406 as domestic Retail Price Index figures exceeded expectations on two counts this morning. 

USD/JPY

The Yen sustained losses at 148.69 against the greenback as investors now seem convinced that the Bank of Japan will forgo raising interest rates this year amid concerns about the economic fallout from higher US tariffs together with domestic political uncertainty ahead of the House of Councillors election on July 20.

AUD/USD
The Australian dollar dipped to $0.6525 on lack of local economic drivers.

USD/CAD
The Loonie crumbled at 1.3711 against the greenback although data showed core CPI in Canada also grew at a faster pace due to trade uncertainty. 

USD/ZAR
The South African Rand was little changed at 17.88 against the greenback as today's local mining production figures came better than expected, therefore underpinning the rand amid a strong dollar.  

USD/MUR
The dollar- rupee was up at 46.15(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 EUR Italian CPI 

14:00 EUR German Buba Monthly Report 

16:30 USD PPI 

17:15 USD Industrial Production 

18:00 USD Fed's Barr speech 

22:00 USD Fed's Beige Book 

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
R3
1.1766
1.3531
150.87
18.19
R2
1.1730
1.3499
149.94
18.07
R1
1.1666
1.3442
149.40
17.99
PP
1.1630
1.3410
148.47
17.89
S1
1.1566
1.3353
147.93
17.87
S2
1.1530
1.3321
147.00
17.80
S3
1.1466
1.3264
146.46
17.68
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 Vincent Seneque
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.