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Treasury

Daily Market Patrol

Market Patrol 29th July 2025

Knowing is not enough; we must apply. Willing is not enough; we must do.

Johann Wolfgang von Goethe
Indicative Selling Rates
against MUR
USD
29 Jul 2025
  • AUD
  • 31.29
  • 0.6727
  • BWP
  • 3.30
  • 0.0710
  • CAD
  • 34.67
  • 1.3419
  • CNY
  • 6.68
  • 6.9618
  • DKK
  • 7.42
  • 6.2727
  • EUR
  • 54.11
  • 1.1631
  • HKD
  • 6.04
  • 7.7028
  • INR
  • 0.55
  • 84.3451
  • JPY
  • 32.34
  • 143.8499
  • KES
  • 37.04
  • 125.6041
  • NZD
  • 28.51
  • 0.6129
  • NOK
  • 4.65
  • 10.0140
  • SGD
  • 37.15
  • 1.2521
  • ZAR
  • 2.72
  • 17.1175
  • SEK
  • 4.92
  • 9.4518
  • CHF
  • 58.91
  • 1.2664
  • GBP
  • 62.35
  • 1.3402
  • USD
  • 46.52
  • 1.0000
  • AED
  • 13.20
  • 3.5246
The U.S. Dollar stood tall, cheered by trade deals.
Fundamental News

EUR/USD
The Single currency sank to $1.1585 as market participants figured that the deal Europe made with the U.S. put it at a disadvantage, with France calling it a "dark day", while German Chancellor Friedrich Merz stating that his economy would suffer "significant damage due to the agreed tariffs."  

GBP/USD
The Pound Sterling plunged to $1.3345, undermined by the lack of domestic impetus in a broadly stronger U.S. Dollar environment.

USD/JPY
The Yen suffered further losses at 148.21 against the greenback amid haven sell-off, and the perception that the Bank of Japan may not increase interest rates later this week. 

AUD/USD
The Australian dollar doused to $0.6523 as U.S.-China trade talks is set to resume today. 

USD/CAD
The Loonie dipped to 1.3735 against the greenback despite an increase in oil prices, a Canadian main export.

USD/ZAR
The Rand headed southward to 17.88 against the U.S. Dollar as economists believe that the South African Reserve Bank will proceed to a 25 basis points rate cut on Thursday. 

USD/MUR
The dollar-rupee spiked to 46.52(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

17:00 USD Housing Price Index 

18:00 USD Consumer Confidence 

18:00 USD JOLTS Job Openings

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
1.1896
1.3524
149.97
18.13
R2
1.1833
1.3488
149.28
18.02
R1
1.1711
1.3422
148.91
17.97
PP
1.1648
1.3386
148.22
17.94
S1
1.1526
1.3320
147.85
17.76
S2
1.1463
1.3284
147.16
17.65
S3
1.1341
1.3218
146.79
17.58
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.