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Treasury

Daily Market Patrol

Market Patrol 22nd July 2025

There are no passengers on spaceship earth. We are all crew.

Marshall McLuhan
Indicative Selling Rates
against MUR
USD
24 Jul 2025
  • AUD
  • 31.19
  • 0.6826
  • BWP
  • 3.45
  • 0.0756
  • CAD
  • 34.39
  • 1.3287
  • CNY
  • 6.59
  • 6.9340
  • DKK
  • 7.41
  • 6.1660
  • EUR
  • 54.06
  • 1.1833
  • HKD
  • 5.93
  • 7.6998
  • INR
  • 0.55
  • 83.7496
  • JPY
  • 32.31
  • 141.4134
  • KES
  • 36.39
  • 125.5440
  • NZD
  • 28.41
  • 0.6218
  • NOK
  • 4.61
  • 9.9013
  • SGD
  • 36.84
  • 1.2401
  • ZAR
  • 2.73
  • 16.7494
  • SEK
  • 4.90
  • 9.3258
  • CHF
  • 58.75
  • 1.2859
  • GBP
  • 62.34
  • 1.3645
  • USD
  • 45.69
  • 1.0000
  • AED
  • 12.97
  • 3.5221
The Fiber flew higher as EU members unite to retaliate US' tariffs.
Fundamental News

EUR/USD
The Single currency swelled to $1.1688 as Germany showed readiness to join France and press for a tougher stance against the United States in the ongoing trade war.  

GBP/USD
The Pound Sterling propelled to a high of $1.3510 before slipping to $1.3475 ahead of the Bank of England's Governor Bailey speech.

USD/JPY
The Japanese Yen jumped to 146.06 before retracting to 147.75 against the greenback, as Japanese Prime Minister, Shigeru Ishiba, vowed to stay in office despite exit polls showing that his party is certain to lose control of the upper house in Sunday's election.

AUD/USD
The Australian dollar oscillated at $0.6512, unfazed by the Reserve Bank of Australia's minutes, highlighting the need for further interest rate cuts with restraints in terms of magnitude and timing. 

USD/CAD
The Canadian dollar climbed to 1.3692 against the U.S. dollar, on low domestic triggers and a generally weaker greenback.

USD/ZAR
The South African rand was a tad higher at 17.63 against the buck, but tariffs on BRICS due on August 1st might act as a headwind to further rise.

USD/MUR
The dollar-rupee sapped to 45.93(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 EUR ECB Bank Lending Survey 

13:15 GBP BoE Governor Bailey speech 

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
R3
1.1839
1.3644
149.90
17.89
R2
1.1778
1.3577
149.29
17.82
R1
1.1737
1.3535
148.31
17.72
PP
1.1676
1.3468
147.70
17.61
S1
1.1635
1.3426
146.72
17.56
S2
1.1574
1.3359
146.11
17.49
S3
1.1533
1.3317
145.13
17.39
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.