Foreign exchange market: currencies are evolving in a degraded manner : Orishas-finance

Version Française

Foreign exchange market: currencies are evolving in a degraded manner

31/03/2025

Source : ORISHAS FINANCE

Categories: Index/Markets

imprimer

Foreign exchange market: currencies are evolving in a degraded manner

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

Tandis que le yuan chinois et le yen progressent, le Ugandan shilling and the pound sterling are stabilizing.

Le rouble russe s' affaiblit .

The Chinese yuan rose slightly from its lowest level in three weeks against the dollar on Monday, as markets awaited clarification on U.S. President Donald Trump's reciprocal tariff plan, with some economists expecting a limited impact on the second. global economy. At 03:40 GMT, the onshore yuan was up 0.13% to 7.2534 per dollar, compared to a three-week low of 7.2693 reached last week.

Its offshore counterpart traded at 7.2588 yuan per dollar, up about 0.17% in Asian trade.

The yen strengthened to 148.7 per U.S. dollar on Monday, then rose 0.37% to 149.280. The Japanese currency rose by 0.82% on Friday, as US data showed that core inflation rose more than expected last month, fuelling fears of

stagflation.

The Ugandan shilling held steady on Monday due to weak demand for dollars from all sectors of the economy, according to traders. At 955 GMT, commercial banks quoted the shilling at 3.655/3.665, the same level as Friday's

close.

Sterling held steady against the dollar on Monday as Britain hoped to negotiate a deal with the United States to avoid President Donald Trump's series of reciprocal tariffs this week. The currency stabilized at 1.2936 dollars against the greenback and at 83.665

pence per euro.

The Russian ruble weakened against the US dollar on Monday after US President Donald Trump said he was “angry” with Russian President Vladimir Putin and threatened Russian oil buyers with tariffs. Around 0920 GMT, the ruble was down 0.7% to 85.50 against the dollar on the over-the-counter market. The Russian currency is up around 25% against the dollar this year, mainly due to expectations of an easing of geopolitical tensions

Provided by AWS Translate