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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAt the end of the week, the currencies were trading in scattered order. While the pound is rising, the Russian ruble is weakening and the dollar is falling
.The pound rose on Friday to reach its highest level in nearly three months. It also benefited from a consumer confidence reading on Friday. Sterling hit a high of $1.2575 on Thursday, taking advantage of lower trading volumes due to the Thanksgiving holiday in the United States to make inroads against the dollar. On Friday, the pound traded around $1.257, up 0.28%. Relative to the euro, the pound was up 0.2% to 86.84
pence.In addition, the ruble fell on Friday, moving away from the highest level reached this week in nearly five months. At 0721 GMT, the ruble was down 0.7% against the dollar at 89.00, after reaching 87.6550 on Tuesday, its highest level since June 30. It lost 0.6% to 97.11 against the euro and lost 0.7% against the yuan to 12.43
.For its part, the dollar is falling in Black Friday transactions. The dollar index, which measures the U.S. currency against six other currencies, fell by 0.077% to 103.69, remaining close to the two-and-a-half-month low of 103.17 that it reached earlier this week. The index is down 2.8% for the month, en route to its weakest monthly performance in a year, due to growing expectations that the Federal Reserve has finished raising interest rates and may start cutting them next year.
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