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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAt the end of the week, the US dollar stabilized, while the Pakistani rupee strengthened against the US dollar. The pound sterling is stable.
The dollar was stable on Friday, with investors waiting for the Federal Reserve (Fed) chairman to speak, who could confirm or question their expectations of a rate cut in September. Around 09:15 GMT (11:15 CET), the greenback advanced very slightly by 0.06% against the single European currency, at 1.1599 dollars per euro and was stable (-0.01%) against the pound, at
1.3414 dollars.The Pakistani rupee strengthened against the US dollar, appreciating by 0.07% during open trading hours on the interbank market on Friday.
At 10:15am, the rupee was hovering around 281.72, a gain of 0.2 rupees compared to the greenback.
Sterling stabilized on Friday after reaching a two-week low against the dollar, as investors reduced their bets on a US Federal Reserve rate cut next month. The British currency remained virtually unchanged against the dollar, at $1.3416, after touching its lowest level since 7 August. It appreciated slightly against the euro, to 86.46 pence per unit of the
common currency.The pound was heading for a weekly fall of 0.9%, erasing gains recorded over the previous two weeks, driven by a more restrictive reassessment of the Bank of England's monetary policy trajectory and by encouraging economic indicators.
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