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Currency: the dollar and the Kenyan shilling fall, the yuan strengthens

14/02/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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En cette fin de semaine, le dollar a légèrement baissé tandis que le Kenyan shilling is losing some value.

The Chinese yuan is strengthening as the central bank is committed to keeping the exchange rate stable.

The dollar fell slightly on Friday due to the vagueness of the timing and extent of the “reciprocal” tariffs that Donald Trump wants to implement, perceived by the market as a reprieve for possible negotiations. Around 10:20 GMT, the American currency dropped 0.16% against the single currency, at 1.0481 dollars per euro and lost 0.17% against the pound, at 1.2586 dollars. The Dollar Index, which compares the American currency to a basket of other major currencies, fell by 0.40% to 106.91 points

.

The Kenyan shilling slipped marginally against the US dollar on Friday, according to data from the London Stock Exchange Group. At 0849 GMT, the shilling traded at 129.10/129.60 per dollar, compared to Thursday's close of 128.90/129.40

.

The Chinese yuan strengthened against the US dollar on Friday after the central bank pledged to keep the yuan exchange rate stable amid growing external challenges. The spot yuan opened at 7.2750 per dollar and last traded 57 pips firmer than the previous close and 1.58% lower than the midpoint. The yuan is down 0.1% this week and has fallen by 0.4% against the dollar since the start of the month. The offshore yuan traded at 7.2839 yuan to the dollar, down by about 0.17% in Asian

trade.
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