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Treasury

Daily Market Patrol

Market Patrol 03 Jul 2026

Set your goals high, and don't stop till you get there.

Bo Jackson
Indicative Selling Rates
against MUR
USD
06 Jul 2026
  • AUD
  • 34.44
  • 0.7207
  • BWP
  • 3.52
  • 0.0737
  • CAD
  • 35.04
  • 1.3639
  • CNY
  • 7.43
  • 6.4320
  • DKK
  • 7.64
  • 6.2552
  • EUR
  • 54.64
  • 1.1433
  • HKD
  • 6.31
  • 7.5737
  • INR
  • 0.53
  • 90.9593
  • JPY
  • 29.51
  • 161.9451
  • KES
  • 38.18
  • 125.1702
  • NZD
  • 28.27
  • 0.5915
  • NOK
  • 5.01
  • 9.5389
  • SGD
  • 38.08
  • 1.2550
  • ZAR
  • 3.10
  • 15.4161
  • SEK
  • 5.13
  • 9.3158
  • CHF
  • 59.42
  • 1.2434
  • GBP
  • 63.78
  • 1.3346
  • USD
  • 47.79
  • 1.0000
  • AED
  • 13.41
  • 3.5638
The British Pound drifted upward as markets see a 90% chance of a BoE hike by year-end.
Fundamental News

EUR/USD

The Euro climbed to $1.1445 as receding bets for an interest rate hike by the Fed weigh on the USD following weak US jobs report.

GBP/USD

The British Pound drifted upward to $1.3381 as markets see a 90% chance of a BoE hike by year-end.

USD/JPY

The Japanese Yen ramped up to $160.76 with market interpreting that Japanese officials will stop signaling intervention risks and start focusing on targeting speculators.

AUD/USD

The Australian Dollar advanced to 0.6945 against the US Dollar after weaker-than-expected U.S Nonfarm Payrolls data dampened expectations of a near-term interest rate hike by the Federal Reserve.

USD/CAD

The Canadian dollar climbed to $1.4160 after the S&P Global Manufacturing Purchasing Managers Index edged up to 53 in June from 52.9 in May, pointing to a modest improvement in manufacturing activity.

USD/ZAR

The South African Rand gained to 16.2235 against the US dollar amid oil prices fell with easing concerns over supply disruptions after positive developments in U.S.-Iran negotiations.

USD/MUR

The Dollar–Rupee retracted to 47.75 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:55 AM EUR HCOB Composite PMI (Jun)

11:55 AM EUR HCOB Services PMI (Jun)

12:00 PM EUR ECB's President Lagarde speech

12:00 PM EUR HCOB Composite PMI (Jun)

7:00 PM EUR ECB's Nagel speech

7:00 PM GBP BoE's Governor Bailey speech

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4.0%
28-Oct-2025
09-Dec-2025
European Central Bank
2.00%
24-Jun-2025
18-Dec-2025
Bank of England
4.00%
07-Aug-2025
18-Dec-2025
Bank of Japan
0.5%
30-Jul-2025
19-Dec-2025
Reserve Bank of Australia
3.6%
20-May-2025
09-Dec-2025
S.Africa Reserve Bank
6.75%
20-Nov-2025
29-Jan-2026
Reserve Bank of India
5.5%
06-Jun-2025
05-Dec-2025
Bank of Mauritius
4.50%
04-Feb-2025
18-Dec-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
1.1571
1.3522
164.52
16.69
R2
1.1522
1.3454
163.58
16.59
R1
1.1472
1.3397
162.52
16.42
PP
1.1423
1.3329
161.58
16.21
S1
1.1373
1.3272
160.52
16.15
S2
1.1324
1.3204
159.58
16.05
S3
1.1274
1.3147
158.52
15.88
Technical Analysis - Forex Charts
EUR/USD Technical Views- Double Zig-Zag (WXY) Structure; Larger-Degree Wave X Still Unfolding
Chart updated on 29.04.2026
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.