Market Patrol 07 Jul 2026 - AfrAsia Bank Mauritius

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Market Patrol 07 Jul 2026

Your positive action combined with positive thinking results in success.

Shiv Khera

Indicative Selling Rates
against MUR
USD

07 Jul 2026

AUD
34.49
0.7219

BWP
3.51
0.0735

CAD
35.01
1.3648

CNY
7.42
6.4394

DKK
7.64
6.2539

EUR
54.66
1.1440

HKD
6.31
7.5721

INR
0.53
91.0095

JPY
29.53
161.8016

KES
38.19
125.1113

NZD
28.32
0.5927

NOK
5.03
9.4990

SGD
38.08
1.2547

ZAR
3.10
15.4129

SEK
5.14
9.2957

CHF
59.32
1.2415

GBP
63.99
1.3393

USD
47.78
1.0000

AED
13.41
3.5630

Fundamental News

EUR/USD

The Euro held steady at $1.1435 as markets reassess the monetary policy outlook for both the Federal Reserve and the European Central Bank, who are expected to keep monetary policy restrictive for now.

GBP/USD

The British Pound hovered around $1.3380, trading within a narrow range as easing political concerns supported the currency amid a relatively quiet economic calendar..

USD/JPY

The Japanese Yen lost some momentum to trade at $161.84 as traders grew emboldened to push the currency lower with no sign yet of intervention by Japanese authorities, though the risk of a surprise yen-buying move by Tokyo kept losses in check.

AUD/USD

The Australian Dollar edged lower to trade at $0.6940 as softer labour market and inflation data pointed to easing domestic price pressures, though expectations of further RBA rate hikes helped limit losses.

USD/CAD

The Canadian dollar stayed weak trading around 1.4215, with trade uncertainty and softer oil prices weighing on the currency, while gains were limited by reduced expectations for a strong CAD rebound.

USD/ZAR

The South African Rand was little changed at $16.25 as investors awaited key domestic data releases this week, including foreign reserves and manufacturing output figures.

USD/MUR

The Dollar–Rupee dropped to 47.78 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

1:30 PM GBP Financial Stability Report

4:15 PM USD ADP Employment Change 4-week average

6:15 PM GBP BoE's Mann 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

1.1490

1.3482

163.73

16.32

1.1467

1.3439

163.07

16.29

1.1454

1.3413

162.57

16.24

1.1431

1.3370

161.91

16.21

1.1417

1.3345

161.40

16.17

1.1394

1.3302

160.74

16.17

1.1380

1.3277

160.23

16.13

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

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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.

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