Market Patrol 08 Jul 2026 - AfrAsia Bank Mauritius

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Market Patrol 08 Jul 2026

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Indicative Selling Rates
against MUR
USD

08 Jul 2026

AUD
34.54
0.7212

BWP
3.52
0.0735

CAD
35.14
1.3628

CNY
7.44
6.4368

DKK
7.64
6.2683

EUR
54.66
1.1414

HKD
6.33
7.5656

INR
0.53
90.7695

JPY
29.50
162.3390

KES
38.29
125.0718

NZD
28.40
0.5930

NOK
5.04
9.5020

SGD
38.13
1.2560

ZAR
3.10
15.4484

SEK
5.12
9.3535

CHF
59.24
1.2370

GBP
63.95
1.3354

USD
47.89
1.0000

AED
13.44
3.5632

Fundamental News

EUR/USD

The Euro hovered near $1.1410 on the back of renewed US-Iran tensions and rising oil prices that boosted Dollar demand, with traders awaiting the FOMC Minutes for Fed policy clue.

GBP/USD

The British Pound fell to $1.3355 as US-Iran tensions lifted the Dollar, while expectations of UK Labour politician Andy Burnham becoming Prime Minister supported the currency.

USD/JPY

The Japanese Yen advanced near $162.20 as markets stayed alert to possible intervention, with Finance Minister Satsuki Katayama reaffirming Japan’s readiness to act against excessive currency moves.

AUD/USD

The Australian Dollar climbed toward $0.6943 after RBA Assistant Governor Sarah Hunter's hawkish remarks reinforced expectations for further policy tightening, with investors awaiting China's June CPI data due tomorrow.

USD/CAD

The Canadian dollar retreated to 1.4186 versus the greenback amid the Bank of Canada’s Q2 Business Outlook Survey revealed a surge in inflation expectations due to the Gulf war, as Canadian oil producers signaled greater investment spending.

USD/ZAR

The South African Rand edged lower to 16.2642 against the US dollar following the release of S.A central bank's data indicating a fall in foreign reserves in the prior month.

USD/MUR

The Dollar–Rupee rose to 47.89 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

11:30 AM EUR ECB's Escrivá speech

10:00 PM USD FOMC Minutes

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

1.1476

1.3442

162.82

16.47

1.1461

1.3421

162.49

16.39

1.1436

1.3389

162.29

16.34

1.1422

1.3368

161.96

16.27

1.1396

1.3336

161.73

16.22

1.1382

1.3316

161.43

16.14

1.1356

1.3283

161.23

16.09

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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