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Treasury

Daily Market Patrol

Market Patrol 4th July 2025

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Simone de Beauvoir
Indicative Selling Rates
against MUR
USD
08 Jul 2025
  • AUD
  • 30.40
  • 0.6675
  • BWP
  • 3.47
  • 0.0763
  • CAD
  • 33.64
  • 1.3538
  • CNY
  • 6.55
  • 6.9525
  • DKK
  • 7.27
  • 6.2664
  • EUR
  • 53.71
  • 1.1794
  • HKD
  • 5.91
  • 7.6999
  • INR
  • 0.54
  • 84.2466
  • JPY
  • 31.99
  • 142.3491
  • KES
  • 36.28
  • 125.5330
  • NZD
  • 28.01
  • 0.6150
  • NOK
  • 4.60
  • 9.8968
  • SGD
  • 36.40
  • 1.2510
  • ZAR
  • 2.65
  • 17.1798
  • SEK
  • 4.85
  • 9.3839
  • CHF
  • 57.70
  • 1.2669
  • GBP
  • 62.37
  • 1.3695
  • USD
  • 45.54
  • 1.0000
  • AED
  • 12.82
  • 3.5517
The Euro wobbled against the Dollar following mixed U.S. Jobs Data.
Fundamental News

EUR/USD
The Single currency licked its wounds at $1.1778 after slipping to $1.1718 as U.S. Unemployment Rate fell short of expectations, therefore bolstering the Federal Reserve's case for not rushing for a rate cut.  


GBP/USD
The Pound Sterling recovered to $1.3670 on signs of easing political turmoil following UK's Prime Minister Keir Starmer open support for Chancellor Rachel Reeves, stating that she would remain in her role "for a very long time". 


USD/JPY
The Japanese Yen lost further ground at 144.35 against the greenback. undermined by worries that the global trade tensions could act as a headwind for the Bank of Japan's plan to normalize interest rates. 


AUD/USD
The Australian dollar crawled higher at $0.6572, unfazed by the Chinese Commerce Ministry's statement detailing how the U.S. and China are loosening their trade war measures. 


USD/CAD
The Canadian Dollar gained to 1.3570 against the U.S. Dollar despite a scanty domestic economic calendar.


USD/ZAR
The Rand appreciated to 17.48 on U.S. Dollar weakness.


USD/MUR

The U.S. dollar progressed to 45.42(selling) against the rupee this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 EUR German Factory Orders 

12:00 EUR ECB Elderson speech

13:00 EUR Producer Price Index 

19:00 GBP BoE Taylor speech 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
4.5%
29-Jan-2025
30-Jul-2025
European Central Bank
2.00%
05-Jun-2025
24-Jul-2025
Bank of England
4.25%
08-May-2025
07-Aug-2025
Bank of Japan
0.5%
24-Jan-2025
31-Jul-2025
Reserve Bank of Australia
3.85%
20-May-2025
08-Jul-2025
S.Africa Reserve Bank
7.25%
30-Jan-2025
31-Jul-2025
Reserve Bank of India
5.5%
06-Jun-2025
07-Aug-2025
Bank of Mauritius
4.50%
04-Feb-2025
13-Aug-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
1.1897
1.3782
147.40
17.78
R2
1.1854
1.3729
146.31
17.71
R1
1.1805
1.3692
145.62
17.61
PP
1.1762
1.3639
144.53
17.55
S1
1.1713
1.3602
143.84
17.45
S2
1.1670
1.3549
142.75
17.38
S3
1.1621
1.3512
142.06
17.28
Technical Analysis - Forex Charts
EUR/USD Outlook- A setback is anticipated following the recent rally to $1.1566 in April 2025
Chart updated on 26.05.2023
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 Keshav Anghraj Callychurn
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.