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Currency: The American dollar appreciated compared to other currencies except the Dirham

01/10/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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Le dollar américain s' est apprécié versus other currencies on Tuesday after Federal Reserve Chairman Jerome Powell pushed back in At night the bets on bigger interest rate cuts. But the Dirham

appreciates against the dollar and the euro.

The US dollar appreciated against the euro, the Australian dollar, the yen, the Aussie, and the yuan. The dollar index added 0.07% to 100.85 at 0055 GMT, after pushing 0.3% higher on Monday. It rose 0.23% to 143.95 yen, after hovering between 146,495 yen on Friday and 141.65 yen

on Monday.

The Australian dollar caught its breath after reaching the highest level since February last year on Monday, supported by stimulus measures from the country's main trading partner, China.

The euro traded not far from its lowest level in a week following German inflation falling to its lowest level since the start of 2021, which stimulated speculation about a further reduction in interest rates. And this month.

The yen has stabilized near the middle of its range against the dollar over the past month, after two days of volatility as traders evaluated the new Japanese prime minister and his cabinet.

Aussie was little changed at $0.6914, after rising to $0.69435 on Monday. And the yuan fell to 7.0116 per dollar in offshore trading on Tuesday, after falling by around 0.36% overnight in the perspective of

further monetary easing.

Par ailleurs, The Dirham appreciated by 0.26% against the euro and by 0.85% against the American dollar during the week of September 19 to 25, according to Bank Al-Maghrib (BAM).

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