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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe dollar is on track to gain its fourth week, while the pound is rising, driven by British GDP. However, the South African rand changed little after Zuma avoided going back to prison
.The dollar rose against major currencies on Friday following higher producer prices in the United States, while the British pound was supported by the rebound in growth in the United Kingdom in the second quarter. Around 18:05 GMT, the greenback gained 0.33% against the euro at 1.0945 dollars per euro. The Dollar Index, which compares the American currency to a basket of major currencies, also gained 0.36% to 102.89
points.The rise in the dollar allowed the Japanese yen to test a key level of support, although liquidity was scarce, with Japan on vacation on Friday. The yen remained steady at 144.72 per dollar early in Asian hours, after trading at 144.89, its weakest level since June 30, when it briefly surpassed 145, a level at which investors believe the Bank of Japan could intervene. The yen was also down against the euro, at 158.98 per euro, which reached a 15-year high of 159.19 on
Thursday.The dollar fell against the euro, which rose 0.1% to $1,0995, and against the Australian dollar, which rose 0.14% to $0.652. The euro fell against the pound, losing 0.1% on the day to 86.50 pence, from 86.64
earlier.The Australian dollar is still heading for a fourth consecutive weekly loss, even though the central bank manager has said that national rates may need to rise further, even if inflation falls as expected.
Around 09:25 GMT (11:25 CET), the British currency rose 0.25% against the greenback, at 1.2708 dollars per pound, and gained 0.16% against the euro at 86.49 pence per euro. Sterling interrupted three consecutive days of losses on Friday after data showed that the British economy grew more than expected in June, which boosted sterling versus the dollar and the euro. The pound was up 0.3% to $1.2708, up from $1.2685 before the figures were released, but was still on track for a fourth consecutive weekly loss against
the dollar.The South African rand was little changed, after former president Jacob Zuma avoided being sent back to prison thanks to a sentence reduction approved by the current president. At 0900 GMT, the rand traded at 18.8550 against the dollar, about 0.1% stronger than
its previous close.
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