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Foreign exchange: American, Australian and New Zealand dollars stabilize while the pound and yuan fall

01/11/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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Ce vendredi, le dollar américain reste calme tandis que les dollars australien et néo-zélandais stagnated on Friday. The s' apprête à subir ses pires pertes hebdomadaires et le yuan Chinese pound is weakening.

The dollar stabilized against its main competitors on Friday, as investors await the US jobs report to confirm economic resilience in the run-up to the Federal Reserve monetary policy meeting election and a close American presidential election next week. The US dollar started the month at a lower level after coming under pressure from the yen on Thursday. The dollar index, which measures the greenback against six major currencies, rose by 0.06% to

103.94.

Australian and New Zealand dollars stagnated on Friday as investors avoided risky assets ahead of U.S. employment data and the presidential election, although the prospect of stable rates in the U.S. offered the&# 39; Aussie a slight support. The New Zealand dollar was also struggling at $0.5965, just above a three-month low of $0.5940. The Australian and New Zealand dollars are rising against the yen due to political uncertainty in Japan.

The pound stabilized on Friday after a few volatile sessions, but is still heading for its longest streak of weekly losses in nearly six years as political and monetary uncertainty prompted investors to favor the dollar in recent years time. Sterling was up 0.1% to $1.2915, bringing the loss for the week to around 0.4%, ready for a fifth consecutive weekly decline, the longest such streak since December 2018

.

The Chinese yuan extended its losses on Friday, after registering its first monthly decline in four years in October, as investors remain worried ahead of next week's US presidential election and its impact on Sino-AM trade ricans.

But the yuan's losses were limited after private and official surveys showed that Chinese manufacturing activity returned to growth in October, thanks to an expansion in new orders that led to a resumption of production growth.
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