This Wednesday, the dollar hesitated, while the Indian rupee is rising. The pound sterling remains stable.

The dollar hesitated on Wednesday, recovering from its heavy fall from the previous day. Forex traders have raised their expectations on Rate cuts from the Federal Reserve (Fed) which is expected to announce its decision to Lower them in a few hours. At around 11:45am, the greenback rose by 0.20% against the single European currency, at 1.1844 dollars for one euro, and remained static (-0.04%) against the British pound, at 1.3653 dollars.

“Times New Roman”; mso-bidi-font-family:arial; mso-fareast-language:en"> The rupee For its part, India hit a record high of more than two weeks, by the fall of the US dollar before an expected rate cut in the US Federal Reserve and the optimism generated by the discussions trade between the United States and India.

mso-bidi-font-family:arial; mso-fareast-language:en"> mso-fareast-font-family: “Times New Roman”; mso-bidi-font-family:arial; color:black; mso-color-alt:windowtext; mso-fareast-language:en">The rupee hit a high of 87.73 against the dollar American, its strongest level since August 29, during the first trade and grew by 0.3% to 87.7525 at 10:50am (India time).

“Times New Roman”; mso-bidi-font-family:arial; mso-fareast-language:en"> The pound sterling remained stable against the dollar after the publication of figures for inflation in the United Kingdom, which reinforced expectations that the Bank of England is expected to keep rates unchanged this week. One position that contrasts with that of the American Federal Reserve, expected for a drop in its rates later on Wednesday.

“Times New Roman”; mso-bidi-font-family:arial; mso-fareast-language:en"> mso-fareast-font-family: “Times New Roman”; mso-bidi-font-family:arial; color:black; mso-color-alt:windowtext; mso-fareast-language:en">The British currency changed little, around $1.3638, after reaching its highest level since the start on Tuesday July against a globally weakened dollar.

The pound rose slightly against the euro, which rose slightly fell by 0.07% to 86.89 pence.