Exchange: rise in currencies : Orishas-finance

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Exchange: rise in currencies

24/02/2025

Source : ORISHAS FINANCE

Categories: Economy/Forex

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Ce début de semaine, les dollars australien et néo-zélandais sont fermes, tandis que l' euro atteint son plus haut niveau for a month.

The Indian rupee will increase and the South African rand will strengthen.

Australian and New Zealand dollars advanced on Monday as the US dollar came under heavy pressure in the face of a stronger euro, although both currencies still face strong resistance at their 2025 highs.

The New Zealand dollar was also up 0.4% to $0.5765, after falling 0.4% on Friday to move away from a 2025 high of $0.5771.

The euro rose on Monday after the expected victory of German opposition conservatives in the parliamentary elections, while the dollar fell to its lowest level in over two months due to growing concerns about the growth prospects of the American economy.

The euro extended its early trading gains to a one-month high of $1.0528 and ended up 0.5% at $1.0512.

The Indian rupee is expected to rise slightly at the open on Monday, boosted by a weaker dollar and US Treasury yields after economic data fuelled concerns about American growth prospects.

The 1-month undeliverable futures contract indicated that the rupee would open at 86.60-86.64 per US dollar compared to 86.7125 in the previous session.

The South African rand strengthened on Monday, ahead of a series of local data this week that will give traders a clearer idea of the state of Africa's most industrialized economy. At 07:48 GMT, the rand traded at 18.39 against the dollar, up 0.3% from its previous close. Domestic investors will focus on the monthly consumer inflation figures in South Africa on Wednesday, the output inflation figures on Thursday, and the trade and fiscal balance data on Friday

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