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Market Patrol 22 Jul 2026

You can't cross the sea merely by standing and staring at the water.

Rabindranath Tagore
Indicative Selling Rates
against MUR
USD
22 Jul 2026
  • AUD
  • 34.90
  • 0.7271
  • BWP
  • 3.49
  • 0.0727
  • CAD
  • 35.44
  • 1.3544
  • CNY
  • 7.48
  • 6.4171
  • DKK
  • 7.65
  • 6.2745
  • EUR
  • 54.76
  • 1.1408
  • HKD
  • 6.34
  • 7.5710
  • INR
  • 0.52
  • 91.8485
  • JPY
  • 29.42
  • 163.1543
  • KES
  • 38.34
  • 125.1956
  • NZD
  • 29.06
  • 0.6054
  • NOK
  • 5.14
  • 9.3385
  • SGD
  • 38.28
  • 1.2539
  • ZAR
  • 3.07
  • 15.6352
  • SEK
  • 5.13
  • 9.3567
  • CHF
  • 59.07
  • 1.2306
  • GBP
  • 64.24
  • 1.3383
  • USD
  • 48.00
  • 1.0000
  • AED
  • 13.47
  • 3.5635
The South African rand strengthened as investors looked ahead to June inflation data on Wednesday and the central bank's policy decision on Thursday, while monitoring developments in the Middle East.
Fundamental News

EUR/USD

The Euro was broadly steady at $1.1410 as markets stayed cautious ahead of tomorrow's ECB policy decision.

GBP/USD

The British Pound dipped further to $1.3385 as uncertainty in the Middle East prompted investors to adopt a cautious stance.

USD/JPY

The Japanese Yen continued its downside to $163.15 pressured by the wide US-Japan rate gap and economic risks stemming from energy supply disruptions in the Middle East.

AUD/USD

The Australian dollar did little change at $0.70 as hawkish RBA offset expectations of further Fed tightening, keeping price action subdued. Markets now await the Australian June employment data on Thursday.

USD/CAD

The Canadian dollar remained tepid to $1.4105 as broad U.S. dollar strength and a risk-off market mood outweighed support from higher crude oil prices.

USD/ZAR

The South African Rand strengthened to $16.4645 as investors looked ahead to June inflation data on Wednesday and the central bank's policy decision on Thursday, while monitoring developments in the Middle East.

USD/MUR

The Dollar–Rupee retreated to 48.00 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 PM ZAR Consumer Price Index (MoM) (Jun)

3:00 PM USD MBA Mortgage Applications

3:00 PM ZAR Retail Sales (YoY) (May)

6:30 PM USD EIA Crude Oil Stocks Change

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
1.1449
1.3528
164.31
16.64
R2
1.1439
1.3491
163.77
16.58
R1
1.1418
1.3432
163.46
16.52
PP
1.1407
1.3395
162.92
16.50
S1
1.1386
1.3336
162.62
16.47
S2
1.1375
1.3300
162.08
16.45
S3
1.1354
1.3240
161.77
16.41
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
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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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