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Treasury

Daily Market Patrol

Market Patrol 01 Jul 2026

Reading is to the mind what exercise is to the body.

Joseph Addison
Indicative Selling Rates
against MUR
USD
01 Jul 2026
  • AUD
  • 34.30
  • 0.7165
  • BWP
  • 3.52
  • 0.0735
  • CAD
  • 35.08
  • 1.3646
  • CNY
  • 7.44
  • 6.4341
  • DKK
  • 7.64
  • 6.2657
  • EUR
  • 54.62
  • 1.1410
  • HKD
  • 6.32
  • 7.5744
  • INR
  • 0.53
  • 90.3549
  • JPY
  • 29.42
  • 162.7124
  • KES
  • 38.20
  • 125.3141
  • NZD
  • 28.25
  • 0.5901
  • NOK
  • 4.97
  • 9.6318
  • SGD
  • 38.03
  • 1.2587
  • ZAR
  • 3.07
  • 15.5928
  • SEK
  • 5.10
  • 9.3863
  • CHF
  • 59.20
  • 1.2367
  • GBP
  • 63.40
  • 1.3244
  • USD
  • 47.87
  • 1.0000
  • AED
  • 13.43
  • 3.5644
Fundamental News

EUR/USD

The Euro shed some gains to trade at $1.1405  as reduced expectations for European Central Bank rate hikes weighed on the euro, while geopolitical tensions and expectations of further Federal Reserve rate hikes supported the U.S. dollar.

GBP/USD

The British Pound trod water below $1.3250 as UK political uncertainty weighed on the currency, while investors awaited speeches from the Bank of England and Federal Reserve chiefs for fresh market direction. 

USD/JPY

The Japanese yen sank to fresh low at $162.75 amid persistently wide rate differential between Japan and other major economies, including the US.

AUD/USD

The Australian Dollar remained depressed at $0.6890 after the RBA minutes signaled possible future rate hikes if needed, while weak Chinese PMI data added pressure on the currency.

USD/CAD

The Canadian dollar strengthened slightly to $1.4210 after the latest Canadian Gross Domestic Product data surprised to the upside.

USD/ZAR

The South African Rand traded cautiously around $16.40 as investors monitored anti-immigration protests across the country for any signs of economic disruption..

USD/MUR

The Dollar–Rupee dropped to 47.87 (selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

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

1:00 PM  EUR Core Harmonized Index of Consumer Prices (YoY) (Jun) Prel

4:15 PM USD ADP Employment Change (Jun)

5:00 PM CAD BoC's Governor Macklem speech

5:00 PM EUR ECB's President Lagarde speech

5:30 PM GBP BoE's Governor Bailey speech

6:00 PM EUR ECB's President Lagarde speech

6:00 PM USD ISM Manufacturing PMI (Jun)

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
1.1497
1.3350
163.65
16.74
R2
1.1467
1.3313
163.16
16.65
R1
1.1443
1.3286
162.82
16.52
PP
1.1412
1.3248
162.33
16.42
S1
1.1389
1.3221
162.0
16.36
S2
1.1358
1.3184
161.50
16.30
S3
1.1335
1.3157
161.17
16.22
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
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.