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Treasury

Daily Market Patrol

Market Patrol 23nd July 2025

When something is important enough, you do it even if the odds are not in your favor.

Elon Musk
Indicative Selling Rates
against MUR
USD
25 Jul 2025
  • AUD
  • 31.08
  • 0.6776
  • BWP
  • 3.46
  • 0.0755
  • CAD
  • 34.36
  • 1.3348
  • CNY
  • 6.60
  • 6.9467
  • DKK
  • 7.41
  • 6.1891
  • EUR
  • 54.07
  • 1.1789
  • HKD
  • 5.96
  • 7.7002
  • INR
  • 0.55
  • 83.9825
  • JPY
  • 32.15
  • 142.6409
  • KES
  • 36.54
  • 125.5091
  • NZD
  • 28.35
  • 0.6182
  • NOK
  • 4.61
  • 9.9458
  • SGD
  • 36.83
  • 1.2452
  • ZAR
  • 2.72
  • 16.8835
  • SEK
  • 4.89
  • 9.3711
  • CHF
  • 58.64
  • 1.2787
  • GBP
  • 62.15
  • 1.3551
  • USD
  • 45.86
  • 1.0000
  • AED
  • 13.02
  • 3.5226
The Yen sank on imminent Japanese PM's resignation, media reported.
Fundamental News

EUR/USD
The Euro catapulted to a high of $1.1760 before easing to $1.1733 on further weakening of the U.S. Dollar amid trade war tantrums. 

GBP/USD
The Pound Sterling progressed to $1.3523, unfazed by yesterday's data showing domestic public sector net borrowing soared higher than expected.

USD/JPY
The Yen collapsed to 147.07 against the greenback as media reported that Japan's premier, Shigeru Ishiba, will resign as early as this month. 

AUD/USD
The Australian dollar augmented to $0.6565, underpinned by improved market sentiment as US-China trade talks are getting momentum ahead of the August 12's deadline. 

USD/CAD
The Loonie leapt to 1.3603 against the greenback as Canadian Prime Minister Mark Carney emphasised that his government will not accept a bad deal with the U.S. regarding trade agreements. 

USD/ZAR
The South African rand soared to 17.55 against the U.S. Dollar as Reuters reported that  "the second-biggest party in the coalition government said it would vote in support of the last major piece of budget legislation."

USD/MUR
The dollar-rupee slipped to 45.79(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

18:00 EUR Consumer Confidence 

18:00 USD Existing Home Sales Change

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
1.1866
1.3630
149.25
17.80
R2
1.1813
1.3582
148.59
17.74
R1
1.1784
1.3558
147.62
17.65
PP
1.1731
1.3510
146.96
17.55
S1
1.1702
1.3486
145.99
17.50
S2
1.1649
1.3438
145.33
17.47
S3
1.1620
1.3414
144.36
17.44
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.