RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Foreign exchange market: currencies in downgraded mode

10/03/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

The US dollar started the week down, while the Australian and New Zealand currencies increased. Le rouble russe s' est renforcé, le Chinese yuan falls and the Ugandan

shilling is stable.

The dollar started on Monday on a weak note after major losses last week due to a potential weakening of the American labor market, while concerns about a global trade war led investors to safe havens, driving up the yen and the Swiss franc. The dollar fell by more than 3% last week against its main rivals, registering its weakest weekly performance since November 2022 as investors worried about tariffs and their impact on the

economy.

Australian and New Zealand dollars registered slight gains on Monday after US President Donald Trump refused to rule out a recession due to his trade policy, triggering a flight into bonds, which limited the US dollar. The New Zealand dollar rose 0.2% to $0.5717, after gaining 2% last week to $0.5760. It faces resistance at the 2025 high at $0.5771, while the support is at $0.5690

.

The Russian ruble strengthened on Monday to its highest level in more than a week, averting the threat of US President Donald Trump to impose large-scale sanctions on Russia as Washington pushes Moscow and Kiev to negotiate a peace deal. The ruble is up against the dollar this year, mainly thanks to expectations of an improvement in relations between Moscow and Washington which could lead to some resolution of the conflict in Ukraine and a possible relaxation of sanctions against Russia. At 08:41 GMT, the ruble was up 1.5% to 88.62 per dollar in over-the-counter trading, reaching its highest level since the end of

February.

The Chinese yuan fell on Monday despite an overall weaker dollar, driven lower by concerns about the escalation of the global trade war and new signs of economic fragility. The onshore yuan was trading at around 7.25 to the dollar around noon, which was 0.2% lower than the previous close

.

The Ugandan shilling remained stable on Monday as importers' appetite for hard currency was weak, traders said. The Ugandan shilling is stable, but is expected to fall due to foreign exchange demand from the energy sector .

At 08:15 GMT, commercial banks quoted the shilling at 3,664/3,674 per US dollar, up from 3,665/3,675 at the close on Friday.
Provided by AWS Translate

0 COMMENTAIRE