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Treasury

Daily Market Patrol

Market Patrol 16th September 2025

Mistakes increase your experience, experience decreases your mistakes.

Abraham Lincoln
Indicative Selling Rates
against MUR
USD
16 Sep 2025
  • AUD
  • 31.99
  • 0.6999
  • BWP
  • 3.77
  • 0.0825
  • CAD
  • 34.12
  • 1.3395
  • CNY
  • 6.80
  • 6.7172
  • DKK
  • 7.42
  • 6.1621
  • EUR
  • 54.12
  • 1.1841
  • HKD
  • 6.10
  • 7.4985
  • INR
  • 0.54
  • 85.4009
  • JPY
  • 32.13
  • 142.2791
  • KES
  • 36.41
  • 125.5455
  • NZD
  • 28.07
  • 0.6140
  • NOK
  • 4.78
  • 9.5639
  • SGD
  • 36.76
  • 1.2433
  • ZAR
  • 2.77
  • 16.4913
  • SEK
  • 5.07
  • 9.0076
  • CHF
  • 58.71
  • 1.2845
  • GBP
  • 62.58
  • 1.3691
  • USD
  • 45.71
  • 1.0000
  • AED
  • 12.98
  • 3.5221
The dollar-rupee eased to 45.71 amid BOM intervention this morning.
Fundamental News

EUR/USD

The Single Currency advanced to $1.1778 amid expectations that the Federal Reserve would resume its interest rate-cutting cycle tomorrow.

GBP/USD

The Pound Sterling soared to $1.3623, unfazed by mixed U.K. employment data.

USD/JPY

The yen edged up to 147.00 after Japan’s Chief Cabinet Secretary Yoshimasa Hayashi announced this morning his support for the US-Japan trade deal.

AUD/USD
The Australian dollar climbed to  $0.6672 ahead of U.S. Retail sales data due today.

USD/CAD

The Canadian surged to 1.3770 against the greenback underpinned by a rise in oil prices.

USD/ZAR
The South African rand oscillated to 17.36 vis-à-vis the greenback in the absence of meaningful local economic data.

USD/MUR
The dollar-rupee slipped by 23 cents to 45.71 amid BOM intervention this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

13.00 EUR German ZEW Current Conditions

13.00 EUR Industrial production

13.00 EUR ZEW Economic Sentiment 

16.00 EUR German Buba Vice President Buch Speech

16.15 CAD Housing Starts

16.30 USD Retail Sales

16.30 CAD Core CPI

17.15 USD Industrial Production 

18.00 USD Business Inventories

20.30 USD Atlanta Fed GDP 

21.00 USD 20-Year Bond Auction

 

 

 

 

 

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
30-Oct-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
1.1844
1.3703
148.31
17.70
R2
1.1809
1.3662
148.06
17.63
R1
1.1786
1.3629
147.73
17.49
PP
1.1751
1.3588
147.48
17.36
S1
1.1728
1.3555
147.15
17.32
S2
1.1693
1.3514
146.90
17.28
S3
1.1670
1.3481
146.57
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 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.