Market Patrol 25th July 2025

Do not wait to strike till the iron is hot; but make it hot by striking.

William Butler Yeats

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 collapsed on slower domestic inflation.

Fundamental News

EUR/USD
The Euro was on the back foot at $1.1744 after the European Central Bank kept interest rates unchanged, and its president, Christine Lagarde, reiterated a data-dependent approach towards future rate setting during her press conference.

GBP/USD
The Pound Sterling sank to $1.3495, undermined by today's softer U.K. Retail Sales figures.

USD/JPY
The Yen collapsed to 147.10 against the greenback partly due to Japanese inflation figures missing expectations by 0.1% this morning.

AUD/USD
The Australian dollar eased to $0.6577 as market participants monitored developments in trade talks between the U.S. and China.

USD/CAD
The Canadian Dollar crumbled to 1.3650 against the U.S. Dollar as local Retail Sales readings came out flat yesterday.

USD/ZAR
The South African rand slipped to 17.64 against the greenback as U.S. Jobless Claims figures printed a brighter outlook with only 217k claims versus the 227k expected.

USD/MUR
The dollar-rupee recovered to 45.86(selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

12:00 EUR German IFO figures

16:30 USD Durable Goods

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%

24-Jun-2025

11-Sep-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

1.1859

1.3648

148.55

17.83

1.1814

1.3619

147.79

17.74

1.1781

1.3562

147.39

17.68

1.1756

1.3533

146.63

17.64

1.1723

1.3476

146.23

17.59

1.1698

1.3447

145.47

17.53

1.1665

1.3391

145.07

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

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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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