Foreign exchange: general rise in currencies except American, Australian and New Zealand dollars : Orishas-finance

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Foreign exchange: general rise in currencies except American, Australian and New Zealand dollars

28/03/2025

Source : ORISHAS FINANCE

Categories: Economy/Forex

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Foreign exchange: general rise in currencies except American, Australian and New Zealand dollars

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Ce vendredi, le dollar américain headed for a steady week on Friday and a quarterly loss next week, while the Australian and New Zealand dollars fell . The pound, ruble, and rand are up.

The dollar was heading for a steady week on Friday and a quarterly loss next week, as concerns about tariffs that are slowing U.S. growth sent U.S. yields, stocks, and the currency down.

The fall in the dollar over the past few months has defied market expectations of a rise in the U.S. currency under Trump's tariffs, erasing long dollar positions and leaving traders uncertain about how to position themselves or react as it upsets trade relationships.

Australian and New Zealand dollars fell on Friday, with their short-term future depending on a US inflation reading that could show that price pressures remain high in the context of a global trade war. The New Zealand dollar also fell by 0.2% to $0.5725, after rising by 0.2% overnight. Aussie fell 0.2% to $0.6292, after making a small gain of

0.1% overnight.

The South African rand strengthened on Friday morning, taking advantage of recent dollar weakness as concerns about US President Donald Trump's tariffs persist.

At 07:45 GMT, the rand traded at 18.1925 against the dollar, about 0.3% more than its previous close.

The Russian ruble strengthened against the US dollar on Friday, benefiting from limited support from foreign currency sales by exporting companies to make tax payments in rubles. At 10:20 GMT, the ruble gained 0.9% to 83.70 against the dollar on the over-the-counter market. The Russian currency has risen by more than 26% against the dollar this year, mainly due to expectations of an easing of geopolitical tensions. Against the Chinese yuan, the most traded foreign currency in Russia, the ruble fell by 0.2% to 11.45, on the

Moscow Stock Exchange.

Sterling rose briefly on Friday after data showed that UK retail sales were surprisingly strong in February, offering some optimism about consumer resilience, while the overall economy barely grew in the fourth quarter. The British pound hit a trading high of $1.297 after the data was released, before falling to $1.295, which was almost stable for the day. The euro fell by 0.25% against the pound sterling to $83.20

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