This weekend, the dollar hit a 13-month high, while the euro hit a two-year low against the dollar. The Ugandan shilling is stable while the Indian rupee is weakening. The pound sterling falls to its lowest, while the South African rand falls in the face of a rising dollar

The US dollar remained close to its highest level in 13 months on Friday as investors assessing the Federal Reserve's interest rate outlook and uncertainty in Europe kept the euro in the background, while Bitcoin was aimed at the $100,000 level. The dollar index fell slightly by 0.05% to 107.01, not far from the high of 107.15 reached on Thursday in one year, its highest level since October 4, 2023, with little data this week to curb its upward march. The dollar has risen by around 3% since the beginning of the month due to expectations that the policies of US President-elect Donald Trump could reignite inflation and limit the Fed's ability to cut

The euro fell to its lowest in two years against the dollar on Friday, and the pound fell back, both undermined by economic activity indices in November that were lower than expected, which reinforced forecasts of rate cuts from their central banks. Around 10:35 GMT (11:35 CET), the European currency fell by 0.45% against the greenback, to 1.0426 dollars per euro, after having fallen more sharply by 1.32% to 1.0335 dollars, its lowest level since the end of November

The yen, for its part, held steady against the greenback after core inflation figures remained above the Bank of Japan's (BOJ) 2% target, a sign that conditions for a further rise in interest rates are in place. The Japanese yen, which was pushed back below 156 per dollar last week, received a boost when Japan's core inflation in October stayed above the central bank's 2% target to rise by 2.3% from a year earlier, according to data released on Friday

The Ugandan shilling remained stable on Friday as the demand and supply of dollars were low, according to traders. At 0923 GMT, commercial banks quoted the shilling at 3.690/3.700, the same level as Thursday's close

The South African rand fell slightly in early trading on Friday, as the dollar hit its highest level in 13 months on global markets. At 07:13 GMT, the rand traded at 18.1275 against the dollar, down about 0.2% from Thursday's closing level. The rand was supported this week by the South African Reserve Bank, which opted for a small reduction in its main interest rate, stifling hopes of a larger move, and by the decision of S&P Global to raise the outlook for the country's sovereign credit rating

The pound weakened on Friday after the release of data showing that British retail sales fell much more than expected in October, which, if accompanied by other unencouraging data, could encourage the Bank of England to show up. less cautious when it comes to cutting interest rates. The pound lost 0.22% against the dollar to $1.2566, its lowest level in six months. It also weakened against the euro, which was up 0.16% to 83.35

The Indian rupee hit its lowest level on record on Friday, due to the resurgent dollar and sustained capital outflows that put pressure on the currency, while heightened geopolitical risks also dampened risk appetite. The rupee hit a low of 84.4975 in early trading, overshadowing its all-time low