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Currency: The dollar falls, the rand and the pound increase

15/08/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The American dollar fell this Friday before the American statistics. However, the South African rand strengthened against a weakened dollar, while the pound sterling rose against the dollar

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The US dollar pulled back, as investors were cautious about the outlook for interest rates, waiting for import price figures, after recent data suggested a possible acceleration of inflation in the months & aggrive; come.

The pound rose on Friday against a falling dollar, heading for a higher weekly close, driven by encouraging economic indicators and a rate cut deemed restrictive by the Bank of England. The British currency, which has gained 8.5% this year against the dollar, was recently trading up 0.15% to $1.3549. It reached a peak in session at $1.3594 on Thursday, its highest level since July 7. Over the week, the pound was about to record an increase of 0.70%

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The South African rand strengthened against a weakened dollar on Friday, supported by rising gold prices, as concerns about U.S. fiscal health pushed investors to the safe haven.

At 08:07 GMT, the rand was trading at 17.5250 per dollar, about 0.5% higher than its previous close.

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