Market Patrol 29 Jun 2026 - AfrAsia Bank Mauritius

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Market Patrol 29 Jun 2026

Life can only be understood backwards, but it must be lived forwards

Soren Kierkegaard

Indicative Selling Rates
against MUR
USD

29 Jun 2026

AUD
34.35
0.7165

BWP
3.52
0.0734

CAD
35.19
1.3623

CNY
7.44
6.4435

DKK
7.63
6.2831

EUR
54.58
1.1385

HKD
6.33
7.5735

INR
0.53
90.0958

JPY
29.63
161.7955

KES
38.30
125.1697

NZD
28.16
0.5874

NOK
4.97
9.6459

SGD
38.14
1.2569

ZAR
3.07
15.6156

SEK
5.10
9.4000

CHF
59.21
1.2351

GBP
63.29
1.3202

USD
47.94
1.0000

AED
13.45
3.5643

Fundamental News

EUR/USD

The Euro held firm around $1.1385 against the US Dollar, as markets looked to ECB President Christine Lagarde’s speech and this week’s US jobs report for guidance on the interest rate outlook.

GBP/USD

The British Pound hovered around $1.3200 slipping against the US Dollar as investors favored safe-haven assets amid renewed US-Iran uncertainty and ongoing political developments in the UK.

USD/JPY

The Japanese yen continued to trade under pressure at $161.80 as markets remain focused on the interest-rate gap between the U.S. and Japan, with BOJ widely expected to hold rates steady during its next monetary policy meeting.

AUD/USD

The Australian Dollar remained on backfoot at $0.6890 despite data showing Australia's unemployment rate fell in May as markets continue to assess the developments surrounding talks to end the US war with Iran.

USD/CAD

The Canadian dollar strengthened around 1.4190 as easing US-Iran tensions improved sentiment, while falling oil prices limited further gains and kept traders focused on geopolitical development.

USD/ZAR

The South African Rand initially weakened against the US dollar following a hawkish Federal Reserve stance, but was then supported and is currently trading at $16.45 by improving global risk sentiment and mixed South African data, keeping its medium-term outlook steady.

USD/MUR

The Dollar–Rupee dropped to 47.94 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 AM EUR Harmonized Index of Consumer Prices (YoY) (Jun) Prel

1:00 PM EUR Business Climate (Jun)

1:00 PM EUR Consumer Confidence (Jun)

1:00 PM EUR Economic Sentiment Indicator (Jun)

9:30 PM EUR ECB's President Lagarde speech

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

1.1506

1.3275

162.19

16.67

1.1470

1.3253

162.01

16.62

1.1426

1.3224

161.87

16.51

1.1390

1.3201

161.70

16.46

1.1347

1.3172

161.55

16.35

1.1310

1.3150

161.38

16.30

1.1267

1.3120

161.24

16.20

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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