This Wednesday, currencies are experiencing a disparate evolution. While the US dollar has stagnated near its lowest level in five months, the Australian and New Zealand dollars are falling in the face of the rise of the Euro. The Euro is taking off following the proposed ceasefire in Ukraine. The Indian rupee remains stable and the South African rand opens lower. The Chinese yuan reached its highest level in four months.

The dollar stagnated near its lowest level in five months against its main competitors on Wednesday, as concerns about the American economy continued to smolder under President Donald Trump's unpredictable trade policies. The US dollar index, which measures the currency against a basket of six major peers, was stable at 103.47 in early Asian trading, following a 0.46% drop on Tuesday that brought it to 103.21 for the first time since October 16. The dollar gained 0.17% to 148.01 yen, after reaching a 5-month low of 146.545 yen in the previous session. The greenback remained stable at $1.44325 CAD, after oscillating between gains of 0.5% and losses of 0.4%

Australian and New Zealand dollars hit low levels after COVID-19 in the face of a booming euro, with Ukraine saying it would accept an American ceasefire proposal, a possible step towards peace.

The euro hit its highest level in five months on Wednesday thanks to Ukraine's willingness to agree to a month-long ceasefire, while actions were influenced by proposed US tariffs and concerns about a slowdown in the economy. American economy. The euro hit its highest level since October in New York at $1.0947 and remained stable at $1.0913 in the Asian session

The Indian rupee remained virtually flat and futures premiums fell on Wednesday as traders waited for consumer inflation data in India and the United States, while concerns about US tariffs kept the risk appetite lukewarm. The rupee was at 87.2250 at 11:00 IST, little changed from its close at 87.2125 in the previous session

The South African rand opened lower early Wednesday, hours before the finance minister presented a revised annual budget to Parliament. At 05:30 GMT, the rand was trading at 18.26 against the dollar, down about 0.3% from Tuesday's closing level

The Chinese yuan hit its highest level in four months against the dollar on Wednesday, as the greenback was held back by American economic concerns caused by the unpredictable trade policies of President Donald Trump. The Chinese yuan, both onshore and offshore, strengthened to 7.22 to the dollar during the first transactions, the highest levels since November 2024. The spot yuan opened at 7.2250 per dollar and was trading 7 pips firmer than the previous session's close at 7.2268 at 03:27 GMT, 0.8% weaker