This Friday, the first of the year 2025, the dollar is on its way to its best week since November thanks, while the pound sterling fell to its lowest level in nine months and the yuan approached its lowest level in 14 months.

Backed by expectations of lower Federal Reserve rate cuts this year and the view that the U.S. economy will continue to outperform the rest of its peers globally, the dollar was on track for its best weekly performance since Friday. more than a month. The greenback started the new year on a strong note, reaching a high of over two years at 109.54 against a basket of currencies on Thursday, extending a stellar rally from last year. The dollar index stood at 109.18 and was on track for a weekly gain of 1.1%, its highest level

The Australian dollar rose 0.2% to $0.6216, but remained close to a low of over two years and was on the verge of falling 0.2% for the week. The New Zealand dollar rose by 0.17% to $0.56065, but was also heading for a

The pound fell to a low of nearly nine months against the dollar on Thursday, penalized by the relentless rise in the American currency amid expectations of favorable policies for the dollar from future President Donald Trump. The pound lost 0.82% on the day to $1.2422, its lowest level since April 2024, a decline that accelerated after breaking through the resistance around

The Chinese yuan hovered near a 14-month low against the US dollar on Friday, heading for a fourth straight week of losses, as lower yields and expectations of lower national rates continued to weigh on the currency. The spot yuan traded at 7.2995 per dollar at 02:55 GMT after briefly weakening the key threshold of 7.3 per dollar on Thursday, a level not seen since November 2023. It reached the key threshold again in the morning exchanges. The offshore yuan traded at 7.327 yuan to the dollar, up by about 0.18% in