At the end of this week, currencies are trading in scattered order. While the dollar is weakening, the Russian ruble is stabilizing, the South African rand has changed little and the rupee is opening lower

The dollar fell on Friday, while the euro suffered significant losses. The dollar index, which measures the US currency against six other currencies, was down 0.145% to 103.30, after registering its weakest monthly performance in a year in November, despite a jump of 0.6% overnight. The highly anticipated Personal Consumer Expenditure (PCE) price index rose by 3% in October compared to the previous year, representing a slowdown from the 3.4% recorded in the last three months, but still above the 2% target set by the Fed

For its part, the Russian ruble stabilized on Friday, slightly moving away from its lowest level of more than a week reached in the previous session. At 0744 GMT, the ruble was unchanged against the dollar at 89.44, after falling to 89.6125 in the previous session, its lowest point since November 20. It lost 0.2% and traded at 97.62 against the euro, and lost 0.1% against the yuan at 12.50. According to Alexei Antonov of Alor Broker, “the ruble is mostly cheaper in December, as the amount of money in the economy increases towards the end of the year

Meanwhile, the South African rand changed little in early trading on Friday, as investors await comments from Federal Reserve Chairman Jerome Powell later today. At 0818 GMT, the rand traded at 18.8400 against the dollar, near its previous close of 18.8475. In the absence of major local economic data expected on Friday, the risk-sensitive rand should be inspired by global factors such as the US interest rate outlook.

For its part, the Indian rupee is expected to open higher on Friday following robust national economic data. Undeliverable futures indicate that the rupee will open at around 83.33-83.34 for the U.S. dollar compared to 83.3950 in the previous session. The rupee is likely to fall throughout the session, with depreciation likely capped near 83.40. The local currency performed significantly worse than its Asian counterparts in November