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Treasury

Daily Market Patrol

Market Patrol 18 November 2025

One who is too insistent on his own views finds few to agree with him.

Lao-Tzu
Indicative Selling Rates
against MUR
USD
20 Nov 2025
  • AUD
  • 31.78
  • 0.6803
  • BWP
  • 3.47
  • 0.0742
  • CAD
  • 34.15
  • 1.3678
  • CNY
  • 6.94
  • 6.7262
  • DKK
  • 7.40
  • 6.3108
  • EUR
  • 54.05
  • 1.1571
  • HKD
  • 6.22
  • 7.5094
  • INR
  • 0.55
  • 84.1975
  • JPY
  • 31.28
  • 149.3208
  • KES
  • 37.21
  • 125.5361
  • NZD
  • 27.50
  • 0.5887
  • NOK
  • 4.70
  • 9.9310
  • SGD
  • 37.13
  • 1.2581
  • ZAR
  • 2.85
  • 16.3938
  • SEK
  • 5.03
  • 9.2948
  • CHF
  • 60.15
  • 1.2876
  • GBP
  • 61.24
  • 1.3111
  • USD
  • 46.71
  • 1.0000
  • AED
  • 13.25
  • 3.5251
The Greenback traded on the front foot against major peers.
Fundamental News

EUR/USD
The Shared currency continued to trade with a bearish tone around $1.1595 amid expectations the Fed may keep rates unchanged in December.

GBP/USD
The Pound sterling came under pressure at $1.3156 after UK Chancellor Rachel Reeves scrapped planned income-tax rises, further downside after softer economic data intensified bets on a December rate cut by the Bank of England.

USD/JPY
The Japanese Yen remained pressured beyond 155.15 against the greenback, as uncertainty around the BoJ offsets concerns of potential intervention.

AUD/USD
The Australian dollar edged lower to $0.6481 after the RBA meeting minutes signaled a more balanced policy stance where they could keep the cash rate unchanged for longer. 

USD/CAD
The Bank of Canada's CPI reading climbed, heightening concerns over rising prices for goods and services. The stronger inflation print has reinforced expectations of a more cautious Bank of Canada, providing support to the CAD at 1.4051 against its U.S. counterpart. 

USD/ZAR
The South African rand ceded some more ground to trade at 17.19 against the USD as investors awaited domestic inflation data and an interest rate decision later this week.

USD/MUR
The dollar–rupee rate inched up by 4 cents, reaching 46.32 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 EUR ECB's Elderson speech

17:00 GBP BoE's Pill speech

17:15 USD ADP Employment Change 4-week average

19:00 USD Factory Orders

19:30 USD Fed's Barr speech

20:00 USD Fed's Barkin speech

21:00 GBP BoE's Dhingra speech

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
7.0%
31-Jul-2025
20-Nov-2025
Reserve Bank of India
5.5%
06-Jun-2025
05-Dec-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
1.1662
1.3244
156.97
17.41
R2
1.1643
1.3218
156.13
17.31
R1
1.1619
1.3187
155.70
17.24
PP
1.1600
1.3161
154.86
17.14
S1
1.1576
1.3130
154.43
17.06
S2
1.1557
1.3104
153.59
16.96
S3
1.1533
1.3073
153.16
16.89
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 Devisha Ramsurrun
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.