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Market Flash

The USD/MUR fell by 9 cents, trading at 46.33. The US Dollar remained under pressure on Thursday following softer US inflation data, which weighed on Treasury yields and reduced demand for the Greenback.

EUR/USD rose towards 1.1465, supported by broad USD weakness and persistent inflation in Spain, which may limit expectations for aggressive ECB rate cuts.

GBP/USD advanced above 1.3530, boosted by a weaker Dollar and expectations that UK interest rates could remain elevated amid ongoing inflation risks.

USD/JPY eased towards 162.00 as the Yen recovered modestly, though the pair remains near historically high levels.

AUD/USD climbed towards 0.700, supported by stronger Chinese economic data and improved risk sentiment.

WTI crude oil held near USD 80 per barrel, supported by Middle East supply concerns, while gold edged higher towards USD 4,068 per ounce on lower US yields and Dollar weakness.

Markets now await US Retail Sales, Jobless Claims, and the Philadelphia Fed Survey for further clues on the US economic outlook and Federal Reserve policy.

EUR/MUR Forward Curve Steepens — Hedging Windows Open

With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.

With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.

With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.With the EUR/MUR forward curve at its steepest in 18 months, exporters with euro-denominated receivables have a notable window to lock in attractive 3 to 12-month rates.