Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 18th September 2025

It is never too late to be what you might have been. 

 

 

George Eliot
Indicative Selling Rates
against MUR
USD
18 Sep 2025
  • AUD
  • 31.80
  • 0.6959
  • BWP
  • 3.29
  • 0.0719
  • CAD
  • 34.07
  • 1.3414
  • CNY
  • 6.81
  • 6.7108
  • DKK
  • 7.42
  • 6.1580
  • EUR
  • 54.15
  • 1.1850
  • HKD
  • 6.10
  • 7.4947
  • INR
  • 0.54
  • 85.4074
  • JPY
  • 32.05
  • 142.5972
  • KES
  • 36.40
  • 125.5448
  • NZD
  • 27.77
  • 0.6077
  • NOK
  • 4.76
  • 9.5917
  • SGD
  • 36.71
  • 1.2449
  • ZAR
  • 2.75
  • 16.6020
  • SEK
  • 5.04
  • 9.0589
  • CHF
  • 58.85
  • 1.2878
  • GBP
  • 62.47
  • 1.3670
  • USD
  • 45.70
  • 1.0000
  • AED
  • 12.98
  • 3.5221
The Single currency boomeranged after highly anticipated Fed rate cut of 25bps.
Fundamental News

EUR/USD

The shared Currency rebounded to $ 1.1780 as markets digested a largely in- line interest rate cut of 25bps and outlook from the U.S Federal Reserve.

 

GBP/USD

The Pound Sterling plummeted to $1.3600 ahead of Bank of England (BoE) rate decision due today.

USD/JPY

The yen nosedived to 147.42 against the U.S. dollar weighted down by Bank of Japan expectation to leave interest rate unchanged tomorrow morning.

AUD/USD
The Australian dollar collapsed to $0.6616 after Australia's Unemployment rate steadied at 4.2% in August vs 4.2% as expected. 

USD/CAD

The Canadian tumbled to 1.3794 against the greenback after Bank of Canada delivered a 25-bps rate cut to 2.50%

USD/ZAR
The South African rand receded to 17.45 vis-à-vis the greenback after South Africa inflation data fell to 3.3% indicating a potential rate cut by South African Reserve Bank during the day.

USD/MUR
The dollar-rupee rose by 22 cents to 45.70 this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

15.00 GBP BoE Interest Rate Decision

16.30 USD Initial Jobless Claims

16.30 USD Philadelphia Fed Manufacturing Index

17.00 ZAR Interest Rate Decision

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4.25%
17-Sep-2025
29-Oct-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
1.1996
1.3800
149.10
17.70
R2
1.1958
1.3763
148.07
17.63
R1
1.1885
1.3694
147.54
17.49
PP
1.1847
1.3657
146.51
17.36
S1
1.1774
1.3588
145.98
17.32
S2
1.1736
1.3551
144.95
17.28
S3
1.1663
1.3482
144.42
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.