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Treasury

Daily Market Patrol

Market Patrol 20th August 2025

Perfection is not attainable, but if we chase perfection we can catch excellence.

Vince Lombardi
Indicative Selling Rates
against MUR
USD
21 Aug 2025
  • AUD
  • 30.66
  • 0.6628
  • BWP
  • 3.33
  • 0.0721
  • CAD
  • 34.25
  • 1.3506
  • CNY
  • 6.83
  • 6.7736
  • DKK
  • 7.42
  • 6.2355
  • EUR
  • 54.14
  • 1.1703
  • HKD
  • 6.06
  • 7.6286
  • INR
  • 0.55
  • 84.4174
  • JPY
  • 32.39
  • 142.8390
  • KES
  • 36.84
  • 125.5855
  • NZD
  • 27.67
  • 0.5981
  • NOK
  • 4.64
  • 9.9750
  • SGD
  • 36.97
  • 1.2511
  • ZAR
  • 2.75
  • 16.8334
  • SEK
  • 4.96
  • 9.3213
  • CHF
  • 58.52
  • 1.2651
  • GBP
  • 62.54
  • 1.3520
  • USD
  • 46.26
  • 1.0000
  • AED
  • 13.13
  • 3.5238
The Greenback advanced across the board ahead of FOMC minutes.
Fundamental News

EUR/USD
The Euro eased to $1.1628 ahead of the release of the FOMC minutes and as a possible solution to the Russia-Ukraine conflict came into view following the Trump-Zelenskyy meeting on Tuesday.

GBP/USD
The Pound Sterling rose to $1.3498 from a low of $1.3462 following mixed U.K. CPI data showing inflation cooled month-over-month for July, but accelerated year-over-year.

USD/JPY
The Japanese Yen edged up to 147.20 against the greenback amid mixed domestic trade data and as investors seem increasingly convinced that the Bank of Japan will stick to its policy normalisation path and hike interest rates by the year-end.

AUD/USD
The Australian dollar was down to $0.6438 after China's central bank kept its loan prime rate unchanged while New Zealand's central bank cut its interest rate by 25 basis points to 3%.

USD/CAD
The Canadian dollar retreated to 1.3875 against its U.S. counterpart after data showed Canada's inflation cooled, raising the odds of a BoC rate cut.

USD/ZAR
The South African rand was on the back foot at 17.72 against the U.S. dollar ahead of local inflation data due later in the day.

USD/MUR
The dollar-rupee gained 14 cents to 46.28 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 EUR Core Harmonized Index of Consumer Prices

13:00 EUR Harmonized Index of Consumer Prices

19:00 USD Fed's Waller speech

22:00 USD FOMC Minutes

23:00 USD Fed's Bostic 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
1.1735
1.3575
148.70
17.84
R2
1.1714
1.3553
148.40
17.77
R1
1.1681
1.3522
148.04
17.72
PP
1.1660
1.3500
147.74
17.65
S1
1.1627
1.3469
147.38
17.60
S2
1.1606
1.3447
147.08
17.53
S3
1.1573
1.3416
146.72
17.49
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.