This Friday, currencies move in a dispersed order. While the dollar and the South African rand are rising, the Indian rupee is falling.

The dollar climbed on Friday, while central banks see inflation risks recede. Indeed, the pound sterling and the pound have slipped against the dollar. Furthermore, in the wake of the fall in its Atlantic counterparts, the greenback has largely risen, reversing its losses at the start of the week. In early trading in Asia, the pound slipped 0.15% to $1.2206, its lowest level in more than two weeks after falling 1.2% in the previous session, its biggest daily drop in a month. After falling 0.7% on Thursday, the euro was down 0.16% to $1.0893. It moved away from its 10-month peak at $1,1034. For its part, the Aussie fell by 0.11% to $0.7068, after losing 0.86% on Thursday. The kiwi was little changed at $0.6475 as far as it was concerned. After reversing two consecutive weeks of decline, the yen was recently up slightly to 128.66 per dollar and headed for a weekly gain of nearly 1%.

As for the South African rand, it changed little early on Friday. The rand traded at 17,1000 against the dollar at 06:00 GMT, right near its previous close of 17.0975. The S&P Global South Africa Purchasing Managers Index (PMI) for January is published at 07:15 GMT. The central bank cut its growth forecasts last week for 2023 and 2024 to 0.3% and 0.7% respectively. According to the bank, power outages could cause this year's growth to fall by up to 2 percentage points.

The rupee indienne , for its part, should open with a slight change against the US currency on Friday. This was in the context of the recovery of the dollar and concerns about stock outflows. Helped by the fall of the euro and the pound following the political decisions of the central banks, the Dollar Index had its best session in nearly a month on Thursday.