This Wednesday, the South African rand was little changed, while the Russian ruble continues to weaken due to the risks of an escalation in Kursk. The pound is falling and the US dollar is weakening. Elsewhere the Kenyan shilling remains stable, while the Indian rupee is rising

The South African Rand was little changed early on Wednesday, ahead of the release of local data on business confidence and retail sales. At 0.659 GMT, the rand traded at 18.1025 against the dollar, close to its previous close

For its part, the Russian ruble weakened on Wednesday against the dollar after touching a 10-month low and then rebounding during the previous day's session due to the risks of escalation following the biggest attack by Ukraine on Russian territory since the start of the war. As of 07:45 GMT, the ruble was down 1.7% to 92.10 per dollar, according to LSEG data. It has lost 8.5% since the attack began on August 6. Analyst Elena Kozhukhova from the investment firm Veles Capital indicated that “the Russian currency has started to weaken again against the dollar and the euro, apparently due to the escalation of

Sterling fell on Wednesday after a lower-than-expected reading of UK consumer price inflation supported expectations for further interest rate cuts from the Bank of England (BoE) this year. The pound fell 0.3% to 1.2827 dollars, en route to its first session of decline in five years against the dollar. It also weakened against the euro, with euro/sterling trading up 0.3% to 85.69 pence. Both were pretty much stable before the data was released.

The dollar stayed on the defensive Wednesday after falling versus its main competitors overnight, as a favorable U.S. producer price reading reinforced bets on a Federal Reserve interest rate cut this year. year.

The Indian rupee rose on Wednesday, following the rise in most Asian currencies after a lower-than-expected U.S. inflation figure boosted hopes that the Federal Reserve will start cutting interest rates starting in September.