The dollar is expected to make a weekly gain as traders assess American rates while the euro has changed little. These two flagship currencies have had a major impact on the prices of many currencies

The euro was little changed at $1.0893 in the early Asian hours after a 0.4% drop in the previous session as the European Central Bank kept rates stable and gave no indication of its next decision.

The dollar stayed steady and ready to end two weeks of declines on Friday, as U.S. employment and manufacturing data prompted traders to wonder when and how much the Federal Reserve would cut rates this year. The dollar index, which measures the American currency against six rivals, stood at 104.21, up from its lowest level in four months of 103.64 hit on Wednesday. The index is expected to gain 0.16% for the week after two weeks of losses

The yen was hovering at 157.24 per dollar after reaching a six-week high of 155.375 on Thursday, following alleged interventions by Tokyo last week that could total nearly 6 trillion yen, according to data from the Bank of Japan. The yen has fallen by more than 10% against the dollar this year, hampered by the large difference in interest rates between the United States and Japan, and was stagnant around its lowest levels in 38 years at the beginning of the month, raising suspicions of measures from Tokyo

Sterling remained stable at 1.2942 after falling 0.5% in the previous session, with data showing that wages in Britain grew at a slower pace, but were still strong enough to keep doubts about a Bank of England rate cut afloat. The British pound hit one year on Wednesday and is up 1.7% for the year. In other currencies, the Australian dollar fell by 0.11% to $0.66985, while the New Zealand dollar fell by 0.22% to $0.6032

The Indian rupee was slightly higher on Friday after the central bank likely intervened in the undeliverable futures (NDF) market to prevent the currency from falling to an all-time low. The rupee was trading at 83.6200 per US dollar at 11:18 AM IST, up from 83.6550 in the previous session

The South African rand slipped against the dollar as the sense of risk weakened after Donald Trump accepted the nomination of the Republican candidate in the American presidential election. At 0801 GMT, the rand traded at 18.3525 against the dollar, which was 0.6% lower than

The yuan lost 0.22% this week and 2.4% this year. It has been under pressure since the start of 2023, as domestic issues related to a moribund real estate sector, anemic consumption, and falling returns are driving capital flows out of the yuan, and foreign investors are staying away from its struggling stock market. The spot yuan opened at 7.2626 per dollar and traded 40 pips lower than the previous close at the end of trading at 7.2660 at 0700 GMT, and 1.88%