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Treasury

Daily Market Patrol

Market Patrol 1st September 2025

Life is a succession of lessons which must be lived to be understood.

Helen Keller
Indicative Selling Rates
against MUR
USD
02 Sep 2025
  • AUD
  • 31.26
  • 0.6746
  • BWP
  • 3.33
  • 0.0719
  • CAD
  • 34.61
  • 1.3388
  • CNY
  • 6.87
  • 6.7479
  • DKK
  • 7.46
  • 6.2110
  • EUR
  • 54.46
  • 1.1752
  • HKD
  • 6.08
  • 7.6227
  • INR
  • 0.54
  • 85.3886
  • JPY
  • 32.37
  • 143.1378
  • KES
  • 36.90
  • 125.5912
  • NZD
  • 28.03
  • 0.6048
  • NOK
  • 4.75
  • 9.7521
  • SGD
  • 37.06
  • 1.2505
  • ZAR
  • 2.76
  • 16.7735
  • SEK
  • 5.06
  • 9.1515
  • CHF
  • 58.90
  • 1.2709
  • GBP
  • 63.00
  • 1.3595
  • USD
  • 46.34
  • 1.0000
  • AED
  • 13.15
  • 3.5244
The Greenback tumbled against major peers on mounting Fed rate-cut bets.
Fundamental News

EUR/USD
The Euro soared to $1.1734 after Germany's annual inflation data rose to 2.2% in August, above estimates of 2.1%.

GBP/USD
The Pound Sterling advanced to $1.3539 against the U.S. dollar following remarks from Federal Reserve Governor Christopher Waller, who reaffirmed his support for a 25-basis-point rate cut at the upcoming September 16–17 FOMC meeting.

USD/JPY
The Japanese Yen escalated to 146.89 against the greenback on upbeat Japanese Capital Spending data released this morning. 

AUD/USD
The Australian dollar inched up to $0.6540 despite the domestic Building Permits data reporting a decline of 8.2% surpassing expectations.

USD/CAD
The Canadian dollar oscillated to 1.3742  against its U.S. counterpart as Canada's real Gross Domestic Product (GDP) slid on a quarterly basis in the Second quarter.

USD/ZAR
The South African rand strengthened to 17.59 ahead of local manufacturing and vehicle sales data scheduled for release today.

USD/MUR
The dollar-rupee fell to 46.24 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12.30 GBP S&P Global Manufacturing PMI

13.00 EUR Unemployment  Rate

16.00 EUR ECB's Schnabel Speech

21.30 EUR ECB President Lagarde Speech

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
4.00%
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
1.1771
1.3609
148.02
17.86
R2
1.1740
1.3565
147.72
17.80
R1
1.1713
1.3534
147.38
17.74
PP
1.1682
1.3490
147.08
17.68
S1
1.1655
1.3459
146.74
17.63
S2
1.1624
1.3415
146.44
17.56
S3
1.1597
1.3384
146.10
17.51
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.