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Foreign exchange market: rise in currencies

24/11/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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This Monday, the US dollar was stable, while Australian and New Zealand dollars remain above their highs low levels in the last few months. The Pakistani rupee recorded a slight increase improvement against the US dollar.

The dollar was stable on Monday, investors exercising caution when the risks of intervention hovered over yen. The British markets also remained under pressure as they approached. of the presentation of the budget, during a week shortened by the holidays and marked by a monetary policy meeting in New Zealand, where a Lower rates are expected.

The dollar index remained broadly stable at 100.15, with the other major currencies trading close to their recent highs stockings.

Elsewhere, the euro held steady at $1.520, without take full advantage of the resurgence of interest rate cuts Americans in December. This trend follows the words of the president of the New York Fed, John Williams, who said that a rate cut was possible in the short term.

The Euro did not immediately react to the plans of peace for Ukraine, while Kiev and Washington indicated that they had developed a updated and refined framework, modifying the 28-point plan presented the week previous.

The dollars Australian and New Zealand stabilized on Monday above their lowest levels in recent months, with markets having fully integrated a quarter-point cut in New Zealand rates this week, but being less certain of the prospects for further easing afterwards.

The Australian and New Zealand markets have recovered on Friday, driven by the ambient optimism about the possibility that the Federal Reserve may lower rates again next month, after New York Fed President John Williams said that rates interest rates could fall in the short term.

The Australian dollar remained virtually unchanged at $0.6454, after gaining 0.3% on Friday, moving away from a low of three months at $0.6422.

Kiwi remained stable at $0.5607, after increased by 0.5% on Friday, from a seven-month low to $0.5581.

The Pakistani rupee recorded a slight improvement against the US dollar, appreciating by 0.07% during first hours of trading on the interbank market on Monday.

At 10 am, the currency hovered around 280.43, This is a gain of 0.19 rupees against the American dollar.

The week before, the Pakistani rupee had recorded a slight gain, appreciating by 0.10 rupees, or 0.04%, compared to the American dollar on the interbank market.

LA local currency closed at 280.62 vs 280.72 the Previous week against the US dollar, according to the State Bank of Pakistan (SBP).

Provided by AWS Translate

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