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Treasury

Daily Market Patrol

Market Patrol 2nd July 2025

We aim above the mark to hit the mark.

Ralph Waldo Emerson
Indicative Selling Rates
against MUR
USD
03 Jul 2025
  • AUD
  • 30.39
  • 0.6701
  • BWP
  • 3.47
  • 0.0766
  • CAD
  • 33.64
  • 1.3483
  • CNY
  • 6.53
  • 6.9451
  • DKK
  • 7.26
  • 6.2424
  • EUR
  • 53.70
  • 1.1842
  • HKD
  • 5.89
  • 7.6993
  • INR
  • 0.54
  • 84.1895
  • JPY
  • 32.33
  • 140.2710
  • KES
  • 36.13
  • 125.5188
  • NZD
  • 28.13
  • 0.6202
  • NOK
  • 4.59
  • 9.8832
  • SGD
  • 36.37
  • 1.2469
  • ZAR
  • 2.67
  • 16.9920
  • SEK
  • 4.82
  • 9.4131
  • CHF
  • 57.78
  • 1.2741
  • GBP
  • 62.08
  • 1.3690
  • USD
  • 45.35
  • 1.0000
  • AED
  • 12.77
  • 3.5515
The Shared currency achieved a four-year high on trade optimism.
Fundamental News

EUR/USD
The Single currency hovered at a four-year high at $1.1795 as Europe is willing to accept a deal with the United States involving a 10% universal tariff while seeking some concessions from the latter. 


GBP/USD
The Pound Sterling soared to $1.3788 before slipping at $1.3745 as market participants shift focus to today's U.S. ADP Employment change number.


USD/JPY
The Japanese Yen jumped to 142.67 against the greenback but later slid to 143.55 as Bank of Japan's governor Ueda said that underlying inflation remains below target despite headline inflation is above 2%. 


AUD/USD
The Australian dollar remained elevated at $0.6575 in defiance to disappointing domestic retail sales and building permit readings. 


USD/CAD
The Canadian Dollar crumbled to 1.3650 against the greenback, partly undermined by a sharp decline in oil prices.


USD/ZAR
The South African rand gained ground at 17.59, underpinned by investor optimism over signs of progress towards lower inflation target. 


USD/MUR

The U.S. dollar drizzled to 45.30(selling) against the rupee this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 EUR ECB De Guindos speech

13:00 EUR ECB Cipollone speech

13:00 EUR Unemployment Rate

14:30 GBP BoE Taylor speech

15:30 USD Challenger Job Cuts

16:15 USD ADP Employment change 

17:30 CAD S&P Global Manufacturing PMI

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
08-Jul-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
1.1906
1.3874
145.82
17.86
R2
1.1868
1.3831
145.04
17.80
R1
1.1837
1.3789
144.23
17.69
PP
1.1799
1.3746
143.45
17.60
S1
1.1768
1.3704
142.64
17.51
S2
1.1730
1.3661
141.86
17.45
S3
1.1699
1.3619
141.05
17.34
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 Keshav Anghraj Callychurn
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.