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Treasury

Daily Market Patrol

Market Patrol 7th July 2025

Weakness of attitude becomes weakness of character.

Albert Einstein
Indicative Selling Rates
against MUR
USD
11 Jul 2025
  • AUD
  • 30.76
  • 0.6708
  • BWP
  • 3.50
  • 0.0764
  • CAD
  • 33.76
  • 1.3585
  • CNY
  • 6.60
  • 6.9520
  • DKK
  • 7.27
  • 6.3046
  • EUR
  • 53.78
  • 1.1726
  • HKD
  • 5.96
  • 7.7008
  • INR
  • 0.54
  • 84.4430
  • JPY
  • 31.98
  • 143.4007
  • KES
  • 36.61
  • 125.2723
  • NZD
  • 28.18
  • 0.6146
  • NOK
  • 4.63
  • 9.9101
  • SGD
  • 36.54
  • 1.2549
  • ZAR
  • 2.67
  • 17.1552
  • SEK
  • 4.87
  • 9.4090
  • CHF
  • 58.00
  • 1.2647
  • GBP
  • 62.45
  • 1.3617
  • USD
  • 45.86
  • 1.0000
  • AED
  • 12.91
  • 3.5526
Aussie, Rand weakened as U.S President Trump is set to send tariffs letters.
Fundamental News

EUR/USD
The Single currency crumbled to $1.1765 despite a positive German Industrial Production reading published earlier today.  


GBP/USD
The Pound Sterling slipped to $1.3620 as Bank of England's Alan Taylor highlighted a continuing downside pressure for the British economy, signaling the possibility of an early interest rate cut. 


USD/JPY
The Yen was on a losing streak at 144.97 against the greenback, undermined by this morning's lower-than-expected Japanese Labor Cash Earnings number.  


AUD/USD
The Australian dollar sank to $0.6505 as U.S slapped a 40% tariffs on Vietnam, undermining China's strategy to re-route most of it's exports through Southeast Asia.  


USD/CAD
The Canadian Dollar dipped to 1.3630 against the greenback but worries over American long-term debt problems combined with a rise in oil prices may limit losses for the loonie.


USD/ZAR
The South  African Rand sapped to 17.69 against the U.S. Dollar on increased worries over the U.S tariffs on developing economies.


USD/MUR

The U.S. dollar progressed was up at 45.44(selling) against the rupee this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 EUR Eurogroup Meeting

12:00 EUR ECB Nagel Speech 

12:30 EUR Retail Sales 

 

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
1.1833
1.3718
145.73
17.89
R2
1.1812
1.3700
145.37
17.79
R1
1.1796
1.3672
144.92
17.69
PP
1.1775
1.3654
144.56
17.58
S1
1.1759
1.3626
144.11
17.48
S2
1.1738
1.3608
143.75
17.37
S3
1.1722
1.3580
143.30
17.27
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 Devisha Ramsurrun
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.