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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAustralia and the New Zealand dollar are trying to get back on their feet after a difficult week; while the euro is rebounding. The Indian rupee is expected to rise along with its Asian counterparts. Le yuan chinois oscille près de son plus bas niveau depuis deux semaines, le rand sud-africain se renforce et le shilling kenyan changed little against the dollar.
Australian and New Zealand dollars stabilized on Monday after a difficult week, as the specter of impending US tariffs and a potential global trade war weighed on currencies exposed to exports. The Australian dollar ended the month down 0.7%, with support at Friday's low of $0.5587 and $0.5517. Imre Speizer, a market strategist at Westpac, said it was possible for the Australian dollar's pullback to $0.6130 in
the coming week.The euro rebounded on Monday after reaching its lowest level in two and a half weeks against the US dollar and the British pound also rose, as Europe took the lead in a new effort for peace in Ukraine. The euro climbed 0.4 percent to $1.0415 early in the Asian morning, moving away from Friday's low of $1.0360, which it reached after Trump and Ukrainian President Volodymyr Zelenskiy clashed during an extraordinary meeting in the
Oval Office.The Indian rupee is expected to rise slightly on Monday, following a rise among its regional peers to launch a week where attention will be focused on the flow of information on U.S. tariffs and economic data. The 1-month undeliverable futures contract indicated that the rupee would open at 87.40-87.42 per US dollar compared to 87.4950 in the previous session. The Indian currency fell by 1% in February, registering its fifth consecutive monthly loss
.The Chinese yuan hovered near its lowest level in two weeks against the dollar on Monday, with optimistic manufacturing data partially offsetting investor concerns about the escalation of Sino-American trade tensions after President Donald Trump proposed tariffs. additional information on Chinese products. At 03:51 GMT, the onshore yuan weakened by 0.11% to 7.2881 per dollar, compared to a two-week low of 7.2914 hit on Friday. Its offshore counterpart was trading at 7.2965 per dollar around noon. Before the market opened, the People's Bank of China (PBOC) set the median rate, around which the yuan is allowed to move in a 2% band, at 7.1745 per dollar, its lowest level since January 20 but 1,112 pips firmer than the
Reuters' estimate of 7.2857.The South African rand strengthened early on Monday, ahead of the release of the Purchasing Managers Index (PMI) for the national manufacturing sector. At 07:25 GMT, the rand traded at 18.66 against the US dollar, about 0.3% stronger than
its previous close.The Kenyan shilling was little changed against the dollar on Monday, according to data from the London Stock Exchange Group. At 07:28 GMT, the shilling traded at 128.65/129.65 per dollar, compared to a Friday closing rate of 128.70/129.70
.
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