Market Patrol 24 Jul 2026 - AfrAsia Bank Mauritius

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Market Patrol 24 Jul 2026

Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome.

Booker T. Washington

Indicative Selling Rates
against MUR
USD

24 Jul 2026

AUD
34.87
0.7243

BWP
3.50
0.0727

CAD
35.59
1.3526

CNY
7.50
6.4187

DKK
7.66
6.2846

EUR
54.78
1.1379

HKD
6.36
7.5692

INR
0.52
92.0811

JPY
29.39
163.7972

KES
38.41
125.3319

NZD
28.89
0.6001

NOK
5.16
9.3295

SGD
38.34
1.2556

ZAR
3.02
15.9404

SEK
5.11
9.4207

CHF
58.90
1.2235

GBP
64.09
1.3313

USD
48.14
1.0000

AED
13.51
3.5633

The Single currency sank below $1.1400 after the ECB held key interest rates steady.

Fundamental News

EUR/USD

The Single currency sank below $1.1400 after the ECB held key interest rates steady while warning that persistent energy shocks present ongoing inflation risks.

GBP/USD

The British Pound spiraled down to 1.3319 against the greenback ahead of UK retail sales data this morning.

USD/JPY

The Japanese Yen dipped to $163.82 with mixed Tokyo CPI data leaving market without clear direction.

AUD/USD

The Australian dollar edged lower to $0.6980 as cautious risk sentiment outweighed support from higher commodity prices.

USD/CAD

The Canadian dollar extended losses to $1.4080 as traders showed a muted reaction to Canadian Retail Sales data amid rising tensions in the Middle East and growing Federal Reserve rate hike bets.

USD/ZAR

The South African Rand slumped to $16.80 after the S.A central bank defied expectations by leaving interest rates unchanged to support South Africa's economic growth and revised its inflation forecasts lower.

USD/MUR

The Dollar–Rupee drifted upward by 24cents at 48.14 (selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

10:00 AM GBP Retail Sales (MoM) (Jun)

11:30 AM EUR HCOB Composite PMI (Jul) Prel

11:30 AM EUR HCOB Manufacturing PMI (Jul) Prel

11:30 AM EUR HCOB Services PMI (Jul) Prel

12:00 PM EUR HCOB Composite PMI (Jul) Prel

12:00 PM EUR HCOB Manufacturing PMI (Jul) Prel

12:30 PM GBP S&P Global Composite PMI (Jul) Prel

12:30 PM GBP S&P Global Manufacturing PMI (Jul) Prel

5:45 PM USD S&P Global Manufacturing PMI (Jul) Prel

5:45 PM USD S&P Global Composite PMI (Jul) Prel

7:30 PM EUR ECB's Lane 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

1.1489

1.3464

165.21

17.52

1.1462

1.3428

164.59

17.19

1.1417

1.3370

164.22

17.01

1.1390

1.3334

163.60

16.87

1.1346

1.3275

163.22

16.68

1.1318

1.3239

162.61

16.49

1.1274

1.3181

162.23

16.16

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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