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Treasury

Daily Market Patrol

Market Patrol 28th July 2025

Keep your eyes on the stars, and your feet on the ground.

Theodore Roosevelt
Indicative Selling Rates
against MUR
USD
30 Jul 2025
  • AUD
  • 31.33
  • 0.6716
  • BWP
  • 3.46
  • 0.0741
  • CAD
  • 34.69
  • 1.3449
  • CNY
  • 6.70
  • 6.9604
  • DKK
  • 7.42
  • 6.2869
  • EUR
  • 54.15
  • 1.1608
  • HKD
  • 6.06
  • 7.7033
  • INR
  • 0.55
  • 84.6923
  • JPY
  • 32.49
  • 143.5617
  • KES
  • 37.14
  • 125.6133
  • NZD
  • 28.57
  • 0.6124
  • NOK
  • 4.67
  • 9.9937
  • SGD
  • 37.26
  • 1.2522
  • ZAR
  • 2.73
  • 17.0709
  • SEK
  • 4.94
  • 9.4524
  • CHF
  • 58.99
  • 1.2644
  • GBP
  • 62.59
  • 1.3416
  • USD
  • 46.65
  • 1.0000
  • AED
  • 13.23
  • 3.5249
The Single currency sagged after the U.S. and the E.U. sealed a trade deal.
Fundamental News

EUR/USD
The Single currency slipped to $1.1742 as the European Union and the U.S. have reached a trade agreement on Sunday whereby E.U exports to the U.S will be taxed at 15% with no reciprocal tariff in return.   

GBP/USD
The Pound Sterling plummeted to $1.3429 on strong U.S. Durable Goods orders published last Friday.

USD/JPY
The safe-haven Yen sank to 147.92 against the U.S. Dollar, undermined by risk-on sentiment. 

AUD/USD
The Australian dollar drizzled to $0.6557 despite the Financial Times reporting that the U.S. has lifted export controls on key technology to China. 

USD/CAD
The Canadian Dollar crawled lower to 1.3707 against the greenback as U.S. President Trump does not expect a trade deal with Canada ahead of the August 1 deadline, stating that "we haven't really had a lot of luck with Canada". 

USD/ZAR
The South African rand receded to 17.77 against the U.S dollar as the country faced a 30% tariff, with no updates in sight. 

USD/MUR
The dollar-rupee was softer at 45.84(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time
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
R3
1.1826
1.3605
149.23
18.06
R2
1.1793
1.3563
148.58
17.94
R1
1.1768
1.3500
148.13
17.85
PP
1.1735
1.3458
147.48
17.73
S1
1.1710
1.3396
147.03
17.64
S2
1.1677
1.3353
146.38
17.52
S3
1.1652
1.3290
145.93
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
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.