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Currency: the pound stabilizes, the ruble weakens, and the dollar rises slightly

12/05/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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At the end of the week, currencies move at a worse rate. While the pound is stable, the ruble weakens and passes the 77 mark against the dollar due to the fall in oil prices, then the dollar registered a slight increase

.

A After data showed that the British economy avoided recession in the first quarter, the pound sterling stabilized Friday, returning to its biggest drop in a day since mid-April the day before. The pound was up 0.1% against the dollar at $1,252. It fell nearly 1% on Thursday after the Bank of England raised interest rates and said it would stay the course

.

For its part, the ruble crossed the 77 mark against the dollar on Friday, as oil prices continued to fall. The ruble fell by 0.37% against the dollar to 77.18, and weakened by 0.16% against the euro to

84.23.

As for him, the US dollar rose slightly on Friday and was heading for its biggest weekly gain since February. The euro was down against the dollar at $1,091, after falling to its lowest level since April 11 the previous day at $1.09. The Dollar Index was up very slightly to 102.11 on Friday, en route to a weekly gain of

0.84%.
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