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Treasury

Daily Market Patrol

Market Patrol 8th August 2025

If we did all the things we are capable of, we would literally astound ourselves.

Thomas A. Edison
Indicative Selling Rates
against MUR
USD
29 Aug 2025
  • AUD
  • 31.27
  • 0.6745
  • BWP
  • 3.30
  • 0.0711
  • CAD
  • 34.64
  • 1.3385
  • CNY
  • 6.88
  • 6.7348
  • DKK
  • 7.44
  • 6.2271
  • EUR
  • 54.34
  • 1.1722
  • HKD
  • 6.09
  • 7.6115
  • INR
  • 0.54
  • 85.1918
  • JPY
  • 32.56
  • 142.3882
  • KES
  • 36.91
  • 125.5927
  • NZD
  • 28.07
  • 0.6056
  • NOK
  • 4.72
  • 9.8186
  • SGD
  • 37.12
  • 1.2488
  • ZAR
  • 2.75
  • 16.8393
  • SEK
  • 5.03
  • 9.2253
  • CHF
  • 58.83
  • 1.2691
  • GBP
  • 62.90
  • 1.3568
  • USD
  • 46.36
  • 1.0000
  • AED
  • 13.16
  • 3.5241
The Bank of England delivered a "hawkish cut", lifting the Cable.
Fundamental News

EUR/USD
The Euro steadied at $1.1648 as the U.S. dollar struggled to make progress as markets are pricing in nearly a 93% possibility of a 25 basis point cut at the Fed's September meeting.

GBP/USD
The Pound Sterling jumped to $1.3426 as the Bank of England delivered a "hawkish cut" of its interest rates in a close 5-4 vote.

USD/JPY
The Japanese Yen remained directionless around 147.40 against the greenback amid uncertainty surrounding U.S. tariffs.

AUD/USD
The Australian dollar inched up to $0.6522 amid a positive risk tone, that undermined the safe-haven USD and supported the risk-sensitive Aussie. .

USD/CAD
The Canadian dollar traded on the front foot at 1.3742 against its U.S. counterpart ahead of local jobs data due later today.

USD/ZAR
The South African rand firmed at 17.72 against the U.S. dollar, supported by higher gold prices as investors fled to the safe-haven metal after steep tariffs imposed by U.S. President Donald Trump took effect.

USD/MUR
The dollar-rupee rose to 45.86(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

15:15 GBP BoE's Pill speech

16:30 CAD Average Hourly Wages

16:30 CAD Net Change in Employment

16:30 CAD Unemployment Rate

18:20 USD Fed's Musalem 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
3.85%
20-May-2025
12-Aug-2025
S.Africa Reserve Bank
7.0%
31-Jul-2025
18-Sep-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
1.1793
1.3597
148.70
17.93
R2
1.1746
1.3523
148.20
17.87
R1
1.1705
1.3484
147.68
17.79
PP
1.1658
1.3410
147.18
17.73
S1
1.1617
1.3371
146.66
17.65
S2
1.1570
1.3297
146.16
17.59
S3
1.1529
1.3258
145.64
17.52
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.