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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThis Wednesday, currencies move in a scattered order. The
U.S. dollar oscillates while the rupee rises face
to the American dollar. The South African rand remains weak in the face of the rebound in the dollar.
The dollar was trading within narrow margins on Wednesday.
Globally, the dollar
American remained stable , while investors
Expected a series of likely American economic data
to guide expectations concerning the Reserve's monetary policy
federal, an element considered more decisive for currencies than geopolitical tensions
persistent.
Upstream of these publications, the dollar index
remained almost unchanged at 98.58, while the New Zealand dollar traded
recently at $0.5784.
The Euro gained 0.03% to $1.1692 after giving up
0.3% the day before following the publication of data showing a slowdown of
Higher-than-expected inflation in some major economies
of the eurozone last month.
The rand
South African stayed weak at the start of
Trading on Wednesday, under pressure from a recovering US dollar and a
The local purchasing managers' index fell in December, the most
sharp drop in economic activity since January 2025.
At 06:46 GMT, the rand traded at 16.38 against the
dollar, about 0.2% lower than its close on Tuesday.
The S&P PMI fell to 47.7 from 49.0
in November, as demand weakened and businesses reduced their
purchases and their stocks.
The rand ended the year 2025 up by nearly
13% against the US dollar, its biggest annual gain in 16 years,
while the greenback has weakened overall.
The Pakistani rupee strengthened against American dollar, appreciating by 0.09% in the first few minutes of trading on the interbank market on Wednesday.
At 10 am, the local currency was swaying
around 279.82, or a gain of 0.25 rupees against the American dollar.
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