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Treasury

Daily Market Patrol

Market Patrol 24th July 2025

Life is 10% what happens to you and 90% how you react to it.

Charles R. Swindoll
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 Fiber printed new high on news Europe and the U.S. are nearing a trade deal.
Fundamental News

EUR/USD
The Euro extended its winning streak to $1.1770 as market participants cheered an increasing likelihood of a trade agreement between the EU and the US, while bracing for the European Central Bank's interest rate decision today. 

GBP/USD
The Pound Sterling rallied to $1.3571 ahead of key domestic figures due later today.

USD/JPY
The Japanese Yen jumped to 146.13 against the greenback as a Reuters poll showed that a majority of economists expect the Bank of Japan to raise its key interest rate by year-end. 

AUD/USD
The Australian dollar advanced to $0.6614 on positive domestic PMI figures published this morning. 

USD/CAD
The Canadian Dollar idled at 1.3604 against the U.S. Dollar ahead of local retail sales figures expected this afternoon. 

USD/ZAR
The South African rand unchanged at 17.55 against the greenback as inflation rose only modestly to 3% from a previous reading of 2.8% on a year-on-year basis. 

USD/MUR
The dollar-rupee declined to 45.69(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:15 EUR French Manufacturing PMI

11:30 EUR German HCOB Manufacturing PMI

12:00 EUR Eurozone Manufacturing PMI

12:30 GBP Global Manufacturing PMI

16:15 EUR ECB Interest Rate Decision

16:30 USD Initial Jobless Claims 

16:30 CAD Retail Sales 

16:45 EUR ECB Press Conference 

17:45 USD S&P Global Composite PMI

18:00 USD New Home Sales

18:15 EUR ECB President Lagarde 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
1.1858
1.3673
148.22
17.66
R2
1.1817
1.3629
147.72
17.62
R1
1.1794
1.3604
147.12
17.57
PP
1.1753
1.3560
146.62
17.52
S1
1.1730
1.3535
146.02
17.48
S2
1.1689
1.3491
145.52
17.45
S3
1.1666
1.3466
144.92
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.