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Foreign exchange market: The dollar and the rupee rise, the pound down and the shilling stable

25/04/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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This weekend, the US dollar rose, while the rupee opened slightly higher. For its part, the pound closed lower against the dollar. The Kenyan shilling is stable

.

After slight losses the day before, the dollar rose as traders struggled with the outlook for the American economy following erratic messages from President Donald Trump about trade deals and Federal Reserve interference. Early Friday, the dollar was up 0.3 percent to 143.08 yen and 4 percent to 0.8303 Swiss francs. The U.S. currency swung sharply this week, starting with a 1% fall versus its main peers on Monday

.

The Indian rupee is likely to avoid the regional downtrend on Friday, with support coming from the encouraging intraday reversal seen in the previous session. The 1-month undeliverable futures contract indicated that the rupee would open slightly higher, or even flat, against the US dollar compared to the close of 85.26 in the previous session. The rupee saw a notable intraday variation on Thursday, falling to 85.66 before recovering its losses to settle

around 85.25.

The British pound is finding some support thanks to retail sales in a context of a rebound in the dollar. Sterling finally closed down 0.22% against the dollar at $1.3309, supported by data showing that retail sales volume rose by 0.4% in March, while economists polled by Reuters expected a fall of 0.4%

.

The Kenyan shilling remained stable against the dollar on Friday, according to data from the London Stock Exchange Group (LSEG). At 09:32 GMT, the shilling was trading at 129.10/50 per dollar, the same level as at the close of trading on Thursday, according to LSEG data

.
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