This Friday, the US dollar stayed close to its highest levels in two weeks, while the Australian dollars and New Zealanders stayed at the top. The South African rand is for her Reinforced share during the first volatile exchanges. the Chinese yuan a maintained a weak trend.

The dollar stayed close to its highest levels in two weeks on Friday, buoyed by its status as a safe haven, while the investors rushed to unwind some of their positions the riskier after a sharp fall in stocks, cryptocurrencies and of precious metals, fuelled by concerns about the surge in spending on artificial intelligence this year.

The dollar index, which measures the performance of the ticket Green, against six other currencies, fell by 0.1% but remained on the rise by 0.7% over the week and was trading around its highest levels since January 23rd. The catalyst for this weekly increase was the nomination, last Friday by President Donald Trump, of Kevin Warsh, perceived as unfavorable to a sharp drop in rates, at the head of the Reserve federal.

The euro grew by 0.1% to $1.1791 after the European Central Bank maintained rates unchanged as expected on Thursday, putting the impact of currency fluctuations into perspective on its future decisions.

The dollars Australian and New Zealand maintained support Friday, while a wave of sales on the stock and metals markets Global markets has undermined the sense of risk, a positive return premium providing welcome support.

The Australian dollar strengthened slightly at $0.6934, after falling 1.0% overnight.

This fall took the Australian dollar away from its recent three-year high at $0.7094, while a break below $0.6900 would risk a pullback to $0.6766.

The New Zealand dollar held steady at $0.5952, after losing 0.9% in the previous session.

The Chinese yuan maintained a weak trend Friday, but remains on track to make his longest winning streak against dollar in nearly 13 years, supported by strong exports.

At 03:55 GMT, the yuan was down 0.05% at 6.9396 for one dollar after moving in a range of 6.9390 to 6,9418.

Its offshore equivalent traded at 6.9388 yuan for one dollar, up about 0.05% on Asian markets.

The yuan now appreciates by 0.2% against the dollar this week, on track to record its eleventh consecutive week of increase, which is the longest winning streak since the beginning of 2013. Analysts attribute the resilience of the yuan to a range of positive factors, including weakness of the dollar, the strength of exports and seasonal demand.

The cash yuan can fluctuate by 2% by share and Another of the fixed midpoint each day.

The South African rand strengthened during the first volatile trades on Friday, as the dollar headed for best week since November.

At 07:45 GMT, the rand traded at 16.2175 against the dollar, up about 0.6% from its previous close.

The main impetus for the dollar movement remains the appointment of Kevin Warsh to head the Federal Reserve, Adam said Phillips, treasury specialist at Umkhulu Treasury.