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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe currencies change at the end of the week in a degraded order. Indeed, the South African rand has changed little, the pound has registered a second week of gains, the rupee is up. While the dollar is recovering and the yuan is falling
.Early on Friday, the South African rand changed little. It remained below 19 per dollar after a strong week of gains boosted by encouraging domestic economic data. The rand traded at 18.8550 per dollar, at the rand traded at 18.8550 per dollar, about 0.1% weaker than
its previous close.
On the other hand, as the interest rate outlook heats up, the pound is recording a second week of growth. The pound is on track to increase by 0.7% weekly, following last week's gain of 0.8%. The pound fell 0.1% against the dollar to $1.2541 and remained stable against the euro at 85.89 pence
.As for the Indian rupee, it is ready to open higher this Friday. It followed dollar losses after a surge in unemployment claims in the United States made it more likely that the Federal Reserve would refrain from raising rates next week
.Furthermore, the dollar is recovering, while the yuan is falling after Chinese inflation. After significant losses the day before, the dollar recovered on Friday against a basket of other currencies. It is strengthening against the yuan, with almost zero inflation in China hinting at a loose monetary policy. The Dollar Index, which compares the greenback to a basket of other major currencies, gained 0.17% to 103.52 points around 09:00 GMT. The yuan, whose trade is strictly regulated by Beijing, fell 0.16% to 7,1235 yuan per dollar, approaching its lowest level in six months reached the previous day
at 7,1421 yuan.
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