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Treasury

Daily Market Patrol

Market Patrol 24 October 2025

Never give up, for that is just the place and time that the tide will turn.

 

Harriet Beecher Stowe
Indicative Selling Rates
against MUR
USD
24 Oct 2025
  • AUD
  • 31.40
  • 0.6830
  • BWP
  • 3.33
  • 0.0725
  • CAD
  • 33.73
  • 1.3629
  • CNY
  • 6.83
  • 6.7275
  • DKK
  • 7.34
  • 6.2596
  • EUR
  • 53.62
  • 1.1663
  • HKD
  • 6.13
  • 7.4934
  • INR
  • 0.55
  • 83.2641
  • JPY
  • 31.67
  • 145.1652
  • KES
  • 36.90
  • 124.5817
  • NZD
  • 27.33
  • 0.5946
  • NOK
  • 4.72
  • 9.7324
  • SGD
  • 36.78
  • 1.2498
  • ZAR
  • 2.79
  • 16.4936
  • SEK
  • 5.03
  • 9.1318
  • CHF
  • 60.00
  • 1.3052
  • GBP
  • 61.53
  • 1.3385
  • USD
  • 45.97
  • 1.0000
  • AED
  • 13.05
  • 3.5230
The Canadian Dollar slipped as President Trump abruptly ended trade talks.
Fundamental News

EUR/USD

The Single currency stabilized at $1.1606 as market participants await a series of PMI figures later today.  

GBP/USD

The Cable collapsed to $1.3310 on bets that the Bank of England will have a dovish approach on their next monetary policy meeting, while positive British Retail Sales, freshly published, failed to act as a support.

USD/JPY

The Japanese Yen retracted to 152.91 against the U.S. Dollar as domestic inflation figures came out mixed this morning.

AUD/USD

The Australian dollar was almost unchanged at $0.6498, unfazed by an uptick in local PMI numbers early today.

USD/CAD

The Canadian dollar crawled lower to 1.4014 against the greenback as U.S President Trump terminated trade talks with the country out of anger from an anti-tariff ad campaign launched in Ontario. 

USD/ZAR

The Rand remained within familiar territory at 17.32 despite a 0.1% increase in the South African consumer inflation figure for September.

USD/MUR
The dollar-rupee cooled to 45.97 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:30 EUR German HCOB Composite PMI

12:00 EUR HCOB Composite & Manufacturing PMI

12:30 GBP S&P Global Composite PMI

16:30 USD Consumer Price Index 

17:45 USD S&P Global Manufacturing PMI

18:00 USD UoM 1-year & 5-year Consumer Inflation Expectation

 

 

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
04-Nov-2025
S.Africa Reserve Bank
7.0%
31-Jul-2025
20-Nov-2025
Reserve Bank of India
5.5%
06-Jun-2025
05-Dec-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
1.1665
1.3415
153.97
17.57
R2
1.1643
1.3390
153.38
17.51
R1
1.1630
1.3358
152.99
17.42
PP
1.1608
1.3333
152.40
17.34
S1
1.1595
1.3301
152.01
17.26
S2
1.1573
1.3276
151.41
17.24
S3
1.1560
1.3244
151.03
17.11
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.