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Foreign exchange market: fall in currencies, except the yen and the pound

21/07/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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This Monday, the New Zealand dollar fell, while the rupee and yuan fell. The yen and the pound sterling are up.

The New Zealand dollar fell on Monday while local bonds rebounded after inflation data proved to be less bad than expected, with domestic price pressures still weak, adding to the case for lower interest rates this month. next. The New Zealand dollar fell by 0.3% to $0.5941, after losing 0.8% last week, marking a third straight week of decline. It is now down almost 3% from its nine-month peak of $0.6120, with short-term support now at its last week's low of

$0.5906.

The Indian rupee registered a slight decrease on Monday, under pressure from dollar offers from foreign and local private banks, although the widespread weakness of the greenback helped the local currency limit further losses. The rupee closed at 86.2925 against the US dollar, down around 0.2% on the day, after reaching a nearly one-month low of 86.35 earlier in the session. Asian currencies remained stable or rose slightly, while the dollar index fell by almost 0.2 percent to 98.2. The Indian rupee and the Indonesian rupiah are among the few regional currencies to have recorded losses since the start of the year, although their counterparts, such as the Taiwan dollar and the Korean won, have climbed by more than 11% and 6% respectively

.

Le yuan s' is slightly relaxed against the US dollar on Monday, trading in narrow ranges, after China kept its key interest rates unchanged and markets await new clues about the evolution of Sino-American trade. The spot yuan opened at 7.1771 per dollar and was last traded at 7.179 at 03:11 GMT, 32 pips lower than the previous session's close and 0.37% below the midpoint. The onshore yuan was trading in tight ranges during the morning session, with intraday volatility under 30 pips. The offshore yuan was trading at 7.1824 yuan to the dollar, down by about 0.01% in Asian

trade.

The yen strengthened on Monday after Japan's ruling coalition lost its majority in the Upper House, as investors prepared for a period of political paralysis and market concerns in the world's fourth-largest economy ahead of the deadline for tariff negotiations. customs officials with the United States. The yen strengthened to 148.46 per dollar but stayed close to its lowest level in three and a half months last week as investors worried about Japan's fiscal outlook. The yen rose against the euro to 172.64 and against the pound sterling to 199.03.

The British pound rose slightly against the dollar and the euro on Monday, while remaining close to last week's lows against both currencies, as investor attention remains focused on Bank of England policy and the deterioration of the country's fiscal position. The pound also rose by around 0.2% against the euro, to 86.575 pence, after touching a 14-week low last week

.
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