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Treasury

Daily Market Patrol

Market Patrol 3rd July 2025

Remember upon the conduct of each depends the fate of all.

Alexander the Great
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
Major rout in U.K. GILTS pummeled the Pound amidst turmoil in British politics.
Fundamental News

EUR/USD
The Single currency was a tad lower at $1.1788 ahead of U.S Employment figures expected this afternoon. 


GBP/USD
The Pound Sterling sank to a low at $1.3560 before recovering to $1.3625 as UK's political turmoil triggered the biggest British bonds selloff since October 2022. The labor party, currently in power, appears to suffer from a crisis of confidence, casting fears over the future of the current finance minister, and raising anxieties over UK's debt position. 


USD/JPY
The Japanese Yen dropped to 143.84 against the greenback amidst receding safe haven demands as a trade agreement between the U.S. and Vietnam eased concerns over prolonged trade tensions. 


AUD/USD
The Australian dollar dipped to $0.6565 in a muted reaction relative to domestic trade balance figure coming at a significantly lower reading than the consensus. 


USD/CAD
The Canadian Dollar climbed to 1.3598 against the greenback as U.S. ADP Employment Changed missed expectations yesterday.


USD/ZAR
The Rand was little changed at 17.60 against the U.S. Dollar as South African inflation expectation figure slipped to 4.5%, a survey by Stellenbosch-based Bureau for Economic Research revealed.


USD/MUR

The U.S. dollar ticked higher at 45.35(selling) against the rupee this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

10:30 CHF CPI

11:55 EUR German HCOB PMI

15:30 EUR ECB Monetary Policy Meeting Accounts

16:30 USD Non-Farm Payrolls 

18:00 USD Factory Orders 

19:00 USD Fed's Bostic 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
1.1887
1.3929
145.10
17.81
R2
1.1848
1.3842
144.67
17.76
R1
1.1824
1.3738
144.17
17.61
PP
1.1785
1.3651
143.74
17.60
S1
1.1761
1.3547
143.24
17.50
S2
1.1722
1.3460
142.81
17.45
S3
1.1698
1.3356
142.31
17.35
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.