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Treasury

Daily Market Patrol

Market Patrol 4th September 2025

There are two ways of spreading light: to be the candle or the mirror that reflects it.

Edith Wharton
Indicative Selling Rates
against MUR
USD
28 Oct 2025
  • AUD
  • 31.58
  • 0.6891
  • BWP
  • 3.38
  • 0.0738
  • CAD
  • 33.69
  • 1.3601
  • CNY
  • 6.83
  • 6.7042
  • DKK
  • 7.36
  • 6.2277
  • EUR
  • 53.71
  • 1.1722
  • HKD
  • 6.12
  • 7.4884
  • INR
  • 0.55
  • 83.7541
  • JPY
  • 31.76
  • 144.2577
  • KES
  • 36.78
  • 124.5679
  • NZD
  • 27.40
  • 0.5979
  • NOK
  • 4.71
  • 9.7200
  • SGD
  • 36.81
  • 1.2447
  • ZAR
  • 2.80
  • 16.3840
  • SEK
  • 5.03
  • 9.1014
  • CHF
  • 60.01
  • 1.3097
  • GBP
  • 61.54
  • 1.3430
  • USD
  • 45.82
  • 1.0000
  • AED
  • 13.01
  • 3.5225
The Sterling bolstered by positive PMI in Britain.
Fundamental News

EUR/USD
The Single currency recovered to $1.1652 on a softer greenback following disappointing U.S. Job Openings figures.

GBP/USD

The Pound Sterling propelled to a high of $1.3457 yesterday, underpinned by improved domestic PMI readings, before dousing to $1.3425 this morning.

USD/JPY
The Yen trimmed losses to 148.20 against the U.S. Dollar in a complicated market dynamics due to uncertainties around the timing and pace of monetary policy tightening by the Bank of Japan

AUD/USD
The Australian dollar dipped to $0.6522 after visiting a high of $0.6554, despite the Australian trade balance printing a higher number than the previous release. 

USD/CAD

The Loonie sank to 1.3807 against the U.S. Dollar, weakened by a sell-off in oil prices, Canada's main export.

USD/ZAR
The South African rand was little changed at 17.70 against the greenback as market participants are on edge ahead of U.S. Initial Jobless Claims and PMI figures expected this afternoon.

USD/MUR
The dollar-rupee depressed to 46.59 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

10:30 CHF CPI

13:00 EUR Retail Sales

15:30 USD Challenger Job Cuts

16:15 USD ADP Employment Change 

16:30 USD Initial Jobless Claims 

18:00 USD ISM Services PMI

20:05 USD Fed's Williams speech

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4.5%
30-Jul-2025
16-Sep-2025
European Central Bank
2.00%
24-Jun-2025
11-Sep-2025
Bank of England
4.00%
07-Aug-2025
18-Sep-2025
Bank of Japan
0.5%
30-Jul-2025
18-Sep-2025
Reserve Bank of Australia
3.6%
20-May-2025
30-Sep-2025
S.Africa Reserve Bank
7.0%
31-Jul-2025
18-Sep-2025
Reserve Bank of India
5.5%
06-Jun-2025
01-Oct-2025
Bank of Mauritius
4.50%
04-Feb-2025
12-Nov-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
1.1767
1.3613
150.13
17.92
R2
1.1724
1.3536
149.64
17.85
R1
1.1693
1.3489
148.87
17.75
PP
1.1650
1.3412
148.38
17.71
S1
1.1619
1.3365
147.61
17.66
S2
1.1576
1.3288
147.12
17.59
S3
1.1545
1.3241
146.35
17.51
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.