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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe US dollar is struggling to hit its lowest level in four months. Australian and New Zealand dollars remained generally stable as did the Kenyan shilling. The rupee is falling.
The U.S. dollar fell near its lowest level in four months on Friday as ever-changing tariff policies stoked uncertainty and heightened concerns about the growth prospects of the world's largest economy, leaving investors looking for data on jobs expected later in the day. Against the Swiss franc, the dollar fell to its lowest level in three months, at 0.8820 francs, in the first few exchanges. The greenback also lost ground against the Canadian dollar and the Mexican peso after the announcement. The dollar fell by 0.09% to 147.86 yen against
the Japanese currency.Australian and New Zealand dollars remained broadly stable ahead of the US jobs release on Friday, with much of their considerable gains this week depending on the ability of data to ease economic concerns in the US amid uncertainty as for the deployment of customs tariffs. The New Zealand dollar held steady at $0.5735, after making a small gain of 0.1% overnight to $0.5760.
The Kenyan shilling held steady against the dollar on Friday, according to data from the London Stock Exchange Group. At 08:33 GMT, the shilling was trading at 129.00/40 per dollar, unchanged from Thursday
's close.The Indian rupee could face downward pressure on Friday due to heightened risk aversion stemming from uncertainty over US tariffs, compounded by its inability to cross a key level. The 1-month undeliverable futures contract indicated that the rupee would open flat or slightly lower against the US dollar, starting at 87,1150 in the previous session. The rupee rose above 86.90 on Thursday before importers intervened to bring the currency back above the 87 level
.
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