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Treasury

Daily Market Patrol

Market Patrol 1st August 2025

Failure will never overtake me if my determination to succeed is strong enough.

Og Mandino
Indicative Selling Rates
against MUR
USD
01 Aug 2025
  • AUD
  • 31.40
  • 0.6639
  • BWP
  • 3.80
  • 0.0803
  • CAD
  • 35.10
  • 1.3477
  • CNY
  • 6.86
  • 6.8938
  • DKK
  • 7.44
  • 6.3603
  • EUR
  • 54.29
  • 1.1478
  • HKD
  • 6.16
  • 7.6841
  • INR
  • 0.56
  • 84.8516
  • JPY
  • 32.41
  • 145.9623
  • KES
  • 37.64
  • 125.6586
  • NZD
  • 28.57
  • 0.6041
  • NOK
  • 4.73
  • 10.0004
  • SGD
  • 37.45
  • 1.2630
  • ZAR
  • 2.74
  • 17.2761
  • SEK
  • 4.98
  • 9.4988
  • CHF
  • 59.32
  • 1.2542
  • GBP
  • 62.75
  • 1.3266
  • USD
  • 47.30
  • 1.0000
  • AED
  • 13.41
  • 3.5269
The Rand receded as South African Reserve Bank cut rates by 25 basis points.
Fundamental News

EUR/USD
The Euro was slightly lower at $1.1428 as positive U.S. Personal Consumption and Initial Jobless claims figures supported the greenback yesterday.

GBP/USD
The Cable crawled lower to $1.3195, unaffected by an increase in British Nationwide House Prices published this morning. Traders will now shift focus to the U.S. Non-Farm Payroll and Unemployment rate figures expected this afternoon.

USD/JPY
The Yen collapsed to 150.45 against the U.S. Dollar due to the Bank of Japan governor's, Kazuo Ueda post-meeting press conference, during which he downplayed domestic inflation risks. 

AUD/USD
The Aussie was on the backfoot at $0.6435 on the weaker Producer Price Index in Australia released earlier today.

USD/CAD
The Canadian Dollar fell to 1.3866 against the greenback after the Maple Leaf Nation's premier, Mark Carney, expressed disappointment on Friday that his government is very unhappy with the U.S.'s increase in tariffs, from 25% to 35%.

USD/ZAR
The Rand deflated to 18.20 as the South African Reserve Bank cut rates by 25 basis points on Thursday, bringing the repo rate to 7% and the prime lending rate to 10.50%. This marked a key shift in their monetary policy stance after months of tightening and holding

USD/MUR
The dollar-rupee rose to 47.30 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 EUR Harmonized Index of Consumer Prices 

16:30 USD Average Hourly Earnings

16:30 Non-Farm Payroll 

17:30 CAD S&P Global Manufacturing PMI

18:00 USD ISM Manufacturing PMI 

 

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
11-Sep-2025
Bank of England
4.25%
08-May-2025
07-Aug-2025
Bank of Japan
0.5%
30-Jul-2025
18-Sep-2025
Reserve Bank of Australia
3.85%
20-May-2025
12-Aug-2025
S.Africa Reserve Bank
7.0%
31-Jul-2025
18-Sep-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
1.1507
1.3359
153.79
18.25
R2
1.1484
1.3321
152.32
18.13
R1
1.1449
1.3263
151.54
18.06
PP
1.1426
1.3225
150.07
17.97
S1
1.1391
1.3167
149.29
17.95
S2
1.1368
1.3129
147.82
17.76
S3
1.1333
1.3071
147.04
17.69
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 Allan Juste
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.