Market Patrol 23 Jul 2026 - AfrAsia Bank Mauritius

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Market Patrol 23 Jul 2026

Fall seven times, stand up eight.

Japanese Proverb

Indicative Selling Rates
against MUR
USD

23 Jul 2026

AUD
34.92
0.7290

BWP
3.50
0.0731

CAD
35.47
1.3504

CNY
7.47
6.4123

DKK
7.66
6.2533

EUR
54.78
1.1436

HKD
6.33
7.5671

INR
0.52
92.0623

JPY
29.38
163.0361

KES
38.21
125.3599

NZD
28.96
0.6046

NOK
5.16
9.2829

SGD
38.25
1.2523

ZAR
3.08
15.5519

SEK
5.13
9.3372

CHF
58.92
1.2301

GBP
64.14
1.3390

USD
47.90
1.0000

AED
13.44
3.5640

The Euro leaned slightly upward with market focusing on the European Central Bank’s policy decision scheduled this afternoon.

Fundamental News

EUR/USD

The Euro leaned slightly upward to $1.1435 with market focusing on the European Central Bank’s policy decision scheduled this afternoon, where the deposit rate is expected to remain unchanged at 2.25%.

GBP/USD

The British Pound remained around 1.3389 versus the U.S dollar despite UK's annual CPI inflation rate declined more than anticipated to 2.6% in June.

USD/JPY

The Japanese Yen ticked up to $163.12 following verbal intervention by Japanese Finance Minister Katayama. Markets stay cautious amid speculation that authorities will step in to prop up the Japanese Yen.

AUD/USD

The Australian dollar did little move at 0.7016 against the greenback amid Australia's June unemployment rate remained unchanged at 4.4%, matching market forecasts.

USD/CAD

The Canadian dollar advanced to $1.4067 as rising oil prices continue to support the Loonie.

USD/ZAR

The South African Rand extended further to $16.3660 with stronger-than-expected S.A consumer inflation data. Market now await the SARB interest rate decision due this afternoon.

USD/MUR

The Dollar–Rupee fell by 10cents to 47.90 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

4:15 PM EUR ECB Monetary Policy Statement

4:30 PM CAD Retail Sales (MoM) (May)

4:30 PM USD Initial Jobless Claims

4:45 PM EUR ECB Press Conference

5:00 PM ZAR SARB Interest Rate Decision

6:00 PM EUR Consumer Confidence (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

1.1449

1.3433

163.89

16.62

1.1435

1.3414

163.55

16.57

1.1422

1.3393

163.34

16.48

1.1408

1.3373

163.00

16.43

1.1395

1.3352

162.79

16.38

1.1380

1.3333

162.45

16.35

1.1368

1.3312

162.24

16.30

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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