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Find all the economic and financial information on our Orishas Direct application to download on Play StoreLe dollar américain baisse en raison des tarifs douaniers sur steel and tensions with China are hurting the feeling, while the Russian ruble is weakening against the US dollar. The South African rand is growing and the Ugandan shilling is stable due to the poor appetite of importers
.The U.S. dollar fell against the other major currencies on Monday, giving up some of the previous week's gains, as markets assessed the prospects of President Donald Trump's tariff policy and its potential to restrain growth and trigger inflation. The greenback is starting the week on the defensive after Trump said on Friday that he planned to double tariffs on imported steel and aluminum to 50% starting on Wednesday, and as Beijing hit back at accusations that it violated an agreement on shipments of critical minerals. The dollar fell 0.8 percent to 142.85 yen at 08:21 GMT, losing part of its more than 1 percent rally last week
.The Russian ruble fell against the US dollar on Monday, ahead of a new round of negotiations between Russia and Ukraine in Istanbul and after Ukrainian attacks on Russian air bases on Sunday. At 9:20 GMT, the ruble was down 1.7% to 78.80 per US dollar, according to LSEG data based on over-the-counter quotes. On May 29, the ruble reached 76.90 per dollar, its highest level since May 2023. Russia and Ukraine are expected to hold their second round of direct peace talks since 2022, but the two sides are still far apart on how to end the war and fighting has intensified ahead of the talks
.The Ugandan shilling remained stable in early trading on Monday compared to the previous session, supported by importers' poor appetite for hard currencies, traders said. At 07:55 GMT, commercial banks quoted the shilling at 3,633/3,643 against the dollar, stable compared
to Friday's close.The South African rand gained ground against a weaker dollar in early trading on Monday, ahead of a survey of the Purchasing Managers Index (PMI) for the domestic manufacturing sector and vehicle sales figures. At 06:02 GMT, the rand was trading at 17.9475 against the dollar, about 0.2% higher than Friday's closing level. The Absa PMI Index for May is expected to be published at 09:00 GMT and will shed light on manufacturing conditions in Africa's most industrialized economy
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