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Treasury

Daily Market Patrol

Market Patrol 17 Jul 2026

Enjoy the little things, for one day you may look back and realize they were the big things.

Robert Brault
Indicative Selling Rates
against MUR
USD
17 Jul 2026
  • AUD
  • 34.70
  • 0.7250
  • BWP
  • 3.48
  • 0.0727
  • CAD
  • 35.50
  • 1.3482
  • CNY
  • 7.45
  • 6.4242
  • DKK
  • 7.65
  • 6.2562
  • EUR
  • 54.74
  • 1.1438
  • HKD
  • 6.32
  • 7.5728
  • INR
  • 0.52
  • 91.8794
  • JPY
  • 29.47
  • 162.4024
  • KES
  • 38.23
  • 125.1896
  • NZD
  • 29.01
  • 0.6061
  • NOK
  • 5.09
  • 9.4028
  • SGD
  • 38.18
  • 1.2535
  • ZAR
  • 3.06
  • 15.6405
  • SEK
  • 5.13
  • 9.3294
  • CHF
  • 59.15
  • 1.2359
  • GBP
  • 64.42
  • 1.3460
  • USD
  • 47.86
  • 1.0000
  • AED
  • 13.43
  • 3.5637
The South African rand came under pressure as renewed exchanges of fire between Iran and the United States intensified a week-long conflict, lifting oil prices and reigniting fears of inflation and energy supply disruptions.
Fundamental News

EUR/USD

The Euro faltered to $1.1437 with U.S Producer Price Index data further reduced expectations of near-term U.S Federal Reserve rate hikes.

GBP/USD

The Pound Sterling faded to $1.3461 as the United States conducted a new series of strikes against Iran for the sixth consecutive day.

USD/JPY

The Japanese Yen was weighed down by fears of potential intervention by Japanese authorities. The Asian currency traded at 162.44 against the greenback this morning.

AUD/USD

The Aussie dollar was unbothered around $0.6981 despite the Reserve Bank of Australia's hawkish stance along with steady economic data from China. 

USD/CAD

The Canadian Dollar retracted to 1.4038 versus the U.S dollar amid rising oil prices continue to support the Canadian dollar, while heightened US-Iran tensions and expectations of further Federal Reserve rate hikes bolster the US dollar.

USD/ZAR

The South African rand came under pressure at $16.4828 as renewed exchanges of fire between Iran and the United States intensified a week-long conflict, lifting oil prices and reigniting fears of inflation and energy supply disruptions.

USD/MUR

The Dollar–Rupee climbed by 12cents to 47.86 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

1:00 PM EUR Core Harmonized Index of Consumer Prices (MoM) (Jun)

1:00 PM EUR Harmonized Index of Consumer Prices (MoM) (Jun)

2:00 PM EUR ECB's Cipollone speech

4:30 PM USD Building Permits (MoM) (Jun)

4:30 PM USD Housing Starts (MoM) (Jun)

5:15 PM USD Industrial Production (MoM) (Jun)

6:00 PM USD Michigan Consumer Expectations Index (Jul) Prel

6:00 PM USD UoM 1-year Consumer Inflation Expectations (Jul) Prel


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
1.1511
1.3610
163.18
16.63
R2
1.1493
1.3576
162.86
16.53
R1
1.1466
1.3525
162.61
16.47
PP
1.1448
1.3492
162.29
16.45
S1
1.1421
1.3441
162.05
16.38
S2
1.1403
1.3408
161.73
16.30
S3
1.1376
1.3357
161.48
16.21
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.