The Pakistani rupee hits its lowest level for the fourth day in a row the euro is being hurt by the ECB's rate pause speech and the South African Rand accentuates its losses before Powell's speech. However, the dollar was in the green prior to Jerome Powell's Jackson Hole speech

The euro reached its lowest level since mid-June, at around 1.0766 dollars. It lost 0.3% over the day. It fell to its lowest level since mid-June on Friday, brought down by growing expectations that the European Central Bank could soon suspend rate hikes

The dollar rose 0.17% to 1.0792 dollars per euro, and gained 0.7% against the pound to 1.2593 dollars per pound, around 11:30am in Paris. The dollar strengthened against the euro and the British pound on Friday, taking advantage of the resilience of the American economy compared to its counterparts, before a highly anticipated intervention by the head of the Fed at the Jackson Hole meeting in the United States

As for the Pakistani rupee, it ended Friday's session at a record high of 301 per US dollar, continuing to fall amid political concerns and increased capital outflows. The rupee hit a record low for the fourth day in a row and has depreciated by 3.2% since August 15, after an interim government came to power

For its part, the yen weakened by 0.16% to 146 per dollar, with the Asian currency straddling the level at which the Japanese authorities intervened last year, keeping traders on guard for signs of similar movements this time around.

As far as the South African Rand is concerned, extended its losses in early trading on Friday, prior to a speech by the chairman of the US Federal Reserve. The rand traded at 18.8700 against the dollar at 6:05 GMT, 0.3% lower than the previous close. The Rand has had a turbulent week, contributing to its losses of more than 5% since the start of the month. The risk-sensitive rand is often inspired by global factors such as American monetary policy in the absence of national economic data.