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Daily Market Patrol

Market Patrol 24th September 2025

Your body can stand almost anything. It's your mind that you have to convince

 

 

Muhammad Ali
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 steadied after Federal Reserve Chair Jerome Powell’s speech
Fundamental News

EUR/USD

The Euro held at $1.1800 after Fed Chair Powell warned of a challenging policy path, citing rising labor risks and persistent inflation, while stressing a modestly restrictive yet flexible stance.

GBP/USD

The Pound Sterling softened to $1.3508 amid weaker U.K Purchasing Managers' Index.

USD/JPY

The yen drifted lower to 147.94 against the U.S. dollar in reaction to the disappointing Japan Manufacturing PMI.

AUD/USD

The Australian dollar advanced to $0.6626 following the release of Australia’s Monthly Consumer Price Index (CPI), which climbed by 3.0% year-over-year in August.

USD/CAD

The Canadian dollar plopped  to 1.3846 against the greenback undermined by Canadian Prime Minister Mark Carney comments  that the effects of US trade tariffs are becoming increasingly evident.

USD/ZAR
The South African rand rose to 17.22 vis-à-vis the greenback as investors waited for local drivers to emerge.

USD/MUR
The dollar-rupee unchanged at  45.74 this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12.00 EUR German Business Expectations

12.00 EUR German Current Assessment

16.30 USD Building Permits 

18.00 USD New Home Sales

18.30 USD Crude Oil inventories

21.00 USD 5- year Note Auction

 

 

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
R3
1.1869
1.3596
148.38
17.70
R2
1.1845
1.3567
148.15
17.63
R1
1.1829
1.3546
147.91
17.49
PP
1.1805
1.3517
147.68
17.36
S1
1.1789
1.3496
147.44
17.32
S2
1.1765
1.3467
147.21
17.28
S3
1.1749
1.3446
146.97
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
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.