This weekend, the U.S. dollar was weak, ready for its first weekly decline in five weeks. The Australian and New Zealand dollars, the yuan and the pound are increasing. The rupee is falling.

The U.S. dollar was weak on Friday, poised for its first weekly decline in five weeks against the euro and yen, as concerns about the deterioration of U.S. fiscal health prompted investors to rush into stocks shelters. The dollar index, which compares the American currency to six other units, including the yen and the euro, is expected to fall by 1.1% this week, even though it was little changed at 99.829 at the start of trading in Asia

Australian and New Zealand dollars advanced on Friday as the overnight rebound in the US currency subsided, but they still face strong levels of resistance that kept them in a generally tight range.

Sterling traded on Friday at its highest level in over three years, heading for its biggest weekly rise against the dollar since early April, thanks in part to surprisingly strong British trade data and continued investor concerns about American assets. Sterling gained 1.5% this week and hit a high of $1.3468 on Friday, the highest level since February 24, 2022, when Russia invaded Ukraine, causing a global influx of capital into safe havens such as the dollar

The Chinese yuan rose against the dollar and seemed poised for its fifth consecutive weekly gain on Friday, largely thanks to the weakening of the greenback in foreign markets due to investor concerns about US fiscal difficulties. At 03:56 GMT, the onshore yuan was up 0.06% at 7.2015 per dollar, while its offshore counterpart was up around 0.08% in Asian trading at 7.1994. If the onshore yuan maintained its current level, it would have gained 0.12% against the dollar during the week, registering the fifth consecutive weekly increase

The Indian rupee may find brief support at the opening on Friday, supported by the strength of its Asian peers, although skepticism persists about the sustainability of the initial upward movement. The 1-month undeliverable futures contract indicated an opening in the range 85.94 to 85.96 compared to 86.0025 in the previous session. The rupee is on track for its third consecutive weekly decline, after falling by more than 1.5% this month, making it one of the worst-performing currencies in the Asian FX space