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Daily Market Patrol

Market Patrol 8th September 2025

Disappoint those who expect your downfall

Martin Luther King Jr
Indicative Selling Rates
against MUR
USD
11 Sep 2025
  • AUD
  • 31.37
  • 0.6817
  • BWP
  • 3.78
  • 0.0821
  • CAD
  • 34.09
  • 1.3498
  • CNY
  • 6.84
  • 6.7251
  • DKK
  • 7.41
  • 6.2096
  • EUR
  • 54.08
  • 1.1753
  • HKD
  • 6.05
  • 7.6091
  • INR
  • 0.54
  • 85.5997
  • JPY
  • 32.21
  • 142.8432
  • KES
  • 36.64
  • 125.5674
  • NZD
  • 28.07
  • 0.6101
  • NOK
  • 4.75
  • 9.6798
  • SGD
  • 36.86
  • 1.2483
  • ZAR
  • 2.77
  • 16.6322
  • SEK
  • 5.06
  • 9.0930
  • CHF
  • 58.66
  • 1.2750
  • GBP
  • 62.53
  • 1.3591
  • USD
  • 46.01
  • 1.0000
  • AED
  • 13.06
  • 3.5230
The Single Currency roared after a disappointing U.S jobs data.
Fundamental News

EUR/USD

The shared currency soared to $1.1716 after softer U.S. Nonfarm Payroll data highlighted ongoing weakness in the U.S. labor market, reinforcing expectations of a rate cut by the Federal Reserve at its meeting next Wednesday.

GBP/USD

The Pound Sterling jumped to $1.3500 on dollar weakness underpinned by a rise in U.S unemployment rate is 4.3% for August v/s 4.2% in July.

USD/JPY

The yen slipped from a high of 146.80 on Friday evening to a low of 148.09 this morning against the U.S. dollar as Prime Minister Shigeru Ishiba’s resignation fueled political uncertainty in the world’s fourth-largest economy.

AUD/USD
The Australian dollar leaped to $0.6566 on upbeat China's Trade balance data.

USD/CAD

The Loonie stayed under pressure at 1.3828 against the U.S dollar as disappointing jobs data fueled expectations of Bank of Canada policy easing.

USD/ZAR
The South African rand burgeoned to 17.57 against the greenback after a better-than-expected foreign reserve data.

USD/MUR
The dollar-rupee fell to 46.42 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12.30 EUR Sentix Investor Confidence

17.00 EUR  French 12- Month BTF Auction

18.00 USD CB Employment Trends Index

23.00 USD Consumer credit 

 

 

 

 

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
1.1886
1.3700
150.12
17.92
R2
1.1823
1.3627
149.35
17.85
R1
1.1771
1.3568
148.37
17.75
PP
1.1708
1.3495
147.60
17.71
S1
1.1656
1.3436
146.62
17.66
S2
1.1593
1.3363
145.85
17.59
S3
1.1541
1.3304
144.87
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 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.