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Treasury

Daily Market Patrol

Market Patrol 31 Jul 2026

Attitude is a little thing that makes a big difference.

Winston Churchill
Indicative Selling Rates
against MUR
USD
31 Jul 2026
  • AUD
  • 34.83
  • 0.7300
  • BWP
  • 3.45
  • 0.0723
  • CAD
  • 35.44
  • 1.3462
  • CNY
  • 7.46
  • 6.3954
  • DKK
  • 7.68
  • 6.2122
  • EUR
  • 54.93
  • 1.1513
  • HKD
  • 6.30
  • 7.5730
  • INR
  • 0.52
  • 90.9628
  • JPY
  • 29.71
  • 160.5857
  • KES
  • 38.12
  • 125.1574
  • NZD
  • 29.10
  • 0.6099
  • NOK
  • 5.15
  • 9.2641
  • SGD
  • 38.26
  • 1.2470
  • ZAR
  • 3.05
  • 15.6426
  • SEK
  • 5.18
  • 9.2104
  • CHF
  • 59.14
  • 1.2396
  • GBP
  • 64.19
  • 1.3454
  • USD
  • 47.71
  • 1.0000
  • AED
  • 13.39
  • 3.5631
The Japanese Yen darted higher with the Bank of Japan left its interest rates unchanged at 1% this morning as widely expected.
Fundamental News

EUR/USD

The Single currency rallied to $1.1508 against the U.S dollar with markets remaining risk-averse amid escalating tensions in the Middle East.

GBP/USD

The British Pound ascended to $1.3450 following the Bank of England left its bank rate at 3.75% yesterday. 

USD/JPY

The Japanese Yen darted higher to $160.64 with the Bank of Japan left its interest rates unchanged at 1% this morning as widely expected.

AUD/USD

The Australian Dollar gained to $0.7028 despite domestically, sentiment turned more dovish following a subdued second-quarter inflation reading, prompting markets to price out an August rate increase from the Reserve Bank of Australia. 

USD/CAD

The Canadian Dollar was slightly up to $1.4020 as concerns over supply disruptions are acting as a tailwind for oil prices.

USD/ZAR

The South African Rand advanced against a softer dollar at 16.4930 as local markets interpreted weaker-than-expected producer inflation figures for clues about the outlook of Africa’s most industrialized economy.

USD/MUR

The Dollar–Rupee slipped by 22 cents lower at 47.71 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

10:30 AM JPY BoJ Press Conference

11:55 AM EUR Unemployment Change (Jun)

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

1:00 PM EUR Consumer Price Index (EU Norm) (YoY) (Jul) Prel

4:30 PM CAD Gross Domestic Product (MoM) (May)

6:00 PM USD Michigan Consumer Sentiment Index (Jul)

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

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
1.1665
1.3659
168.61
16.89
R2
1.1601
1.3567
166.17
16.80
R1
1.1563
1.3515
162.84
16.65
PP
1.1498
1.3424
160.40
16.55
S1
1.1460
1.3372
157.06
16.40
S2
1.1396
1.3280
154.62
16.30
S3
1.1358
1.3228
151.29
16.15
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.