Market Patrol 23rd September 2025

Find your flaw that is preventing you from succeeding.

John F. Kennedy

Indicative Selling Rates
against MUR
USD

28 Oct 2025

AUD
31.58
0.6891

BWP
3.38
0.0738

CAD
33.69
1.3601

CNY
6.83
6.7042

DKK
7.36
6.2277

EUR
53.71
1.1722

HKD
6.12
7.4884

INR
0.55
83.7541

JPY
31.76
144.2577

KES
36.78
124.5679

NZD
27.40
0.5979

NOK
4.71
9.7200

SGD
36.81
1.2447

ZAR
2.80
16.3840

SEK
5.03
9.1014

CHF
60.01
1.3097

GBP
61.54
1.3430

USD
45.82
1.0000

AED
13.01
3.5225

The Shared currency surged ahead of Federal Reserve Chair Jerome Powell’s speech

Fundamental News

EUR/USD

The Single Currency boosted to $ 1.1800 as investors awaits Federal Reserve Chair Jerome Powell’s speech later in the day, following a recent rate cut and forecast of more reductions.

The Pound Sterling recovered to $1.3512 despite signs of labor market fragility and looming fiscal consolidation in the U.K.

USD/JPY

The yen bounced off to 147.75 against the U.S. dollar, unfazed by domestic political uncertainty.

AUD/USD

The Australian dollar remained tepid at $0.6590 after a disappointing Australia’s S&P Global Composite PMI released this morning.

USD/CAD

The Canadian dollar eased to 1.3825 against the greenback dragged down by the decline in crude oil.

USD/ZAR
The South African rand firmed at 17.36 vis-à-vis the greenback ahead of South Africa leading indicator due today.

USD/MUR
The dollar-rupee fell by 25cents to 45.74 this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

12.00 EUR HCOB Eurozone Manufacturing PMI

12.30 GBP S&P Global Composite PMI

13.00 GBP BoE MPC Member Pill Speech

16.30 USD Current Account

16.30 CAD New Housing Price Index

17.45 USD S&P Global Services PMI

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

4.25%

16-Sep-2025

28-Oct-2025

European Central Bank

2.00%

24-Jun-2025

30-Oct-2025

Bank of England

4.00%

07-Aug-2025

06-Nov-2025

Bank of Japan

0.5%

30-Jul-2025

30-Oct-2025

Reserve Bank of Australia

3.6%

20-May-2025

30-Sep-2025

S.Africa Reserve Bank

7.0%

31-Jul-2025

20-Nov-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

1.1907

1.3605

148.91

17.70

1.1855

1.3563

148.65

17.63

1.1829

1.3538

148.19

17.49

1.1777

1.3496

147.93

17.36

1.1751

1.3471

147.47

17.32

1.1699

1.3429

147.21

17.28

1.1673

1.3404

146.75

17.21

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

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Head - Forex And Derivatives

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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.

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