Market Patrol 18th July 2025

The most effective way to do it, is to do it.

Amelia Earhart

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

USDMUR modestly dropped to 46.15(Selling) following Bom intervention

Fundamental News

EUR/USD
The Single currency climbed to $1.1620 on broad dollar weakness following dovish comments by U.S. Federal Reserve's officials.

GBP/USD
The Pound Sterling picked up at $1.3419 on improved risk sentiments, lack of domestic figures.

USD/JPY

The Yen barely moved at 148.67 against the greenback as Japanese National Price Index were mixed this morning.

AUD/USD
The Australian dollar improved to $0.6500 as China's Commerce Minister Wang Wentao stated on Friday that although economic and trade relations with the United States have weathered many storms, they remain mutually important.

USD/CAD
The Canadian Dollar doused to 1.3740 against the greenback as U.S. President Trump added that he would increase levies if Canada retaliated to current tariffs.

USD/ZAR
The South African Rand seesawed at 17.83 as market participants shift focus to the G20 finance meeting held in Durban.

USD/MUR
The dollar- rupee dipped by 2 cents to 46.15 against this morning's selling rate following an intervention by the Bank of Mauritius.

Fundamental & Technical Data

Economic Indicators-Local Time

10:00 EUR German PPI

16:30 USD Building Permits

18:00 USD Michigan Consumer Sentiment Index

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

1.1729

1.3515

150.58

18.04

1.1687

1.3479

149.84

17.99

1.1642

1.3447

149.22

17.90

1.1600

1.3411

148.48

17.82

1.1555

1.3379

147.86

17.77

1.1513

1.3343

147.12

17.72

1.1468

1.3311

146.50

17.64

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

Previous View Market Patrol Archives

Weekly Market Update by Vincent Seneque

Listen

Speak to our team

Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

Email

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.

Treasury

Daily Market Patrol