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Currency: stability of the dollar

11/08/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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American and Australian dollars remained stable on Monday. The South African rand is starting the week up, while the Chinese yuan has fallen.

The US dollar stabilized on Monday after last week's losses, as markets await Tuesday's key US CPI report for July and focus on the evolution of trade negotiations between Washington and Beijing before a deadline to avoid the imposition of higher customs duties.

The dollar index remained stable at 98.25 after a 0.4% drop last week.

Against the yen, the dollar remained unchanged at 147.685 yen, with Japanese markets closed for the Mountain holiday.

The New Zealand dollar also fell 0.1% to $0.5953, after rising 0.6% last week. It is encountering resistance at $0.5950 and $0.5970, while short-term support is at $0.5931

.

The Australian dollar maintained gains on Monday as markets prepared for a central bank monetary policy meeting this week where a rate cut is widely expected, although uncertainty remains about how policymakers will communicate about future policy.

The Chinese yuan fell against the dollar on Monday, moving in narrow ranges before greater clarity on the August 12 deadline for the trade truce between the world's two largest economies. The spot yuan opened at 7.1835 per dollar and was last traded at 7.181 at 03:31 GMT, 11 pips lower than the previous session's close and 0.57% lower than the midpoint

.

The offshore yuan traded at 7.1836 yuan per dollar, up about 0.04% in Asian trade.

The South African rand advanced in early trade on Monday ahead of the release of domestic manufacturing output data, while investors also closely watched trade updates as the country worked to get a lower tariff rate on its exports to the United States. At 07:01 GMT, the rand traded at 17.7250 against the dollar, about 0.2% higher than Friday's close

.

Statistics South Africa will release June manufacturing output at 11:00 GMT on Monday.

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