This weekend, the American dollar held steady, while the Russian ruble strengthened. The Chinese yuan falls to its lowest level in

The US dollar took the lead over its main competitors on Friday after its best daily performance in three weeks as the Federal Reserve indicated no rush to cut interest rates. The dollar index, measured against a basket of six counterparts, was stable at 103.81 at 00:36 GMT, after climbing 0.36% on Thursday. The dollar gained 0.07% to 148.88 yen and remained stable against its Canadian counterpart at 1.4321 CAD

Risk-sensitive Australian and New Zealand dollars remained on the defensive after sharp declines on Thursday, as concerns about the economic drag caused by US President Donald Trump's aggressive tariff campaign on global trade shook sentiment.

The Russian ruble strengthened slightly against the US dollar on Friday before the central bank's rate-setting meeting, after a two-day correction that interrupted the rally fuelled by talks between the United States and Russia. At 8:40 GMT, the ruble was up 0.5% to 84.52 against the dollar on the over-the-counter market. The Russian currency lost around 4% against the dollar in the previous two days, but gained more than 25% again this year.

The Chinese yuan fell to its lowest level in a week against the dollar on Friday and seems set for a week of losses, reflecting a rebound in the greenback in foreign markets, while the central bank continued to reduce support through its official daily fixation.