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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Wednesday, currencies evolved sparsely. Thus, the US dollar fell slightly, while the Australian and New Zealand dollars barely moved. The South African rand is rising, the Ugandan shilling is generally stable and the Indian rupee
has fallen.The dollar fell on Wednesday as the market waited for U.S. employment data for immediate trade indications, while waiting for developments in President Donald Trump's tariff negotiations with his main trading partners, including China. The dollar fell by 0.8% against its main competitors on Monday following a contraction in the manufacturing sector, only to then rebound by almost the same amount overnight after a surprise increase in job offers in the
United States.Early Wednesday, the dollar was down 0.09% to 143.82 yen and the euro was up 0.13% to $1.1385.
The dollar index, which measures currency against these two peers and four other counterparts, remained stable at 99.159.
Australian and New Zealand dollars barely moved on Wednesday as national economic data disappointed again, reinforcing market bets that interest rates will have to be cut again and maybe soon. The numbers show that the 39; the Australian economy grew by only 0.2% in the first quarter, which was lower than expected by 0.4% and well below the 0.6% increase in the previous quarter. The New Zealand dollar strengthened slightly to $0.6006, after falling 0.6% on Tuesday and reaching a six-month high of $0.6054. The support is around $0.5930 and $0.5850
.The South African rand rose slightly on Wednesday before a parliamentary committee debated the long-delayed national budget. At 07:30 GMT, the rand was trading at 17.81 against the dollar, about 0.2% higher than Tuesday's closing level. The Standing Committee on Finance was scheduled to meet from 08:00 GMT to discuss the first bill associated with the budget
.The Indian rupee fell on Thursday as the combination of the unwinding of the bullish positions and the strength of the dollar pushed the local currency to near the level of 86 against the US dollar. The rupee slid to 85.9125 against the US dollar before reducing its losses somewhat. Its last price was 85.85, down 0.3% on the day. The currency is now on track for its sixth decline in seven sessions, after reaching 84.78 last Monday
.
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