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Treasury

Daily Market Patrol

Market Patrol 07 September 2026
What the caterpillar calls the end of the world, the master calls a butterfly.

 

 

Richard Bach
Indicative Selling Rates
against MUR
USD
07 Sep 2026
  • AUD
  • 35.59
  • 0.7477
  • BWP
  • 3.54
  • 0.0744
  • CAD
  • 35.80
  • 1.3296
  • CNY
  • 7.48
  • 6.3636
  • DKK
  • 7.72
  • 6.1658
  • EUR
  • 55.27
  • 1.1611
  • HKD
  • 6.29
  • 7.5676
  • INR
  • 0.53
  • 90.1003
  • JPY
  • 30.49
  • 156.1168
  • KES
  • 38.00
  • 125.2632
  • NZD
  • 29.04
  • 0.6101
  • NOK
  • 5.26
  • 9.0494
  • SGD
  • 38.64
  • 1.2319
  • ZAR
  • 3.13
  • 15.2077
  • SEK
  • 5.15
  • 9.2427
  • CHF
  • 58.73
  • 1.2338
  • GBP
  • 64.32
  • 1.3513
  • USD
  • 47.60
  • 1.0000
  • AED
  • 13.36
  • 3.5629
The Pound Sterling struggled amid thin trading volumes due to the Labor Day holiday in the US.
Fundamental News

EUR/USD

The Euro edged down to $1.1605 as the US Dollar ticked up, with investors turning cautious at the start of the US CPI week.

GBP/USD

The British Pound struggled near $1.3510 amid thin trading volumes due to the Labor Day holiday in the US and escalating US-Iran confrontations in the Strait of Hormuz.

USD/JPY

The Japanese Yen climbed to $156.05, supported by a more hawkish repricing of the BoJ rate hike expectations and jitters over a potential official intervention.

AUD/USD

The Australian Dollar held steady at $0.7205 supported by rising bets for a rate hike by the RBA in September, bolstered by stronger-than-expected economic growth and persistent domestic inflation.

USD/CAD

The Canadian Dollar sided to $1.3835 as the Canadian economy lost 41.7K jobs in August after creating 75.1K jobs in July, while markets had expected another 15K increase.

USD/ZAR

The South African Rand gained few pips to $15.96 as recovering gold prices provided support for the rand despite geopolitical and inflation risks.

USD/MUR

The Dollar–Rupee retreated to 47.60 (selling) this morning. 

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 PM EUR Sentix Investor Confidence (Sep)

1:00 PM EUR Employment Change (QoQ) (Q2)

1:00 PM EUR Gross Domestic Product s.a. (QoQ) (Q2)

1:00 PM EUR Gross Domestic Product s.a. (YoY) (Q2)

 

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
1.1684
1.3616
158.36
16.14
R2
1.1658
1.3582
157.55
16.08
R1
1.1636
1.3549
156.89
16.02
PP
1.1610
1.3515
156.09
15.98
S1
1.1588
1.3481
155.42
15.91
S2
1.1562
1.3447
154.62
15.85
S3
1.1539
1.3414
153.96
15.79
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
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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.