This weekend, the dollar was hovering near its lowest level in 3 and a half years, while the Chinese yuan fell slightly. The Indian rupee and the pound sterling are up. The South African rand is stagnant

The US dollar wavered on Friday, hovering near its lowest level in three and a half years against the euro and sterling, as traders bet on bigger US rate cuts while waiting for trade deals ahead of President Donald's July tariff deadline. Trump. The dollar index, which measures the US unit of account against six other currencies, remained close to its lowest level since March 2022 at 97.398, en route to a 2% drop in June, its sixth consecutive month in the red. The index has fallen by more than 10% this year as Trump's tariffs fuel concerns about American growth, pushing investors to look for alternatives

The Chinese yuan slipped from a seven-month high against the US dollar on Friday, hampered by disappointing industrial earnings data, but progress in trade negotiations between the United States and China eased some of the pressure. At 08:30 GMT, the onshore yuan CNY=CFXS ended its national trading session down 0.03% to 7.1690 per dollar after trading in a range of 7.1655 to 7.1747. The yuan is up 0.4% against the dollar this month and 1.8% this year. The offshore yuan traded at 7.1675 yuan to the dollar, down by about 0.04% in Asian

The South African rand was generally stable in early trading on Friday after sharp declines the day before, with traders keeping an eye out for a potentially disruptive conflict between President Cyril Ramaphosa and his main coalition partner. The currency was up 0.1% against the dollar at 17.8550 at 09:47 GMT, a day after Ramaphosa, of the African National Congress (ANC), fired the Deputy Minister of Commerce, of the Democratic Alliance (DA), without giving any reason

The Indian rupee had its best week since January 2023, as a ceasefire between Iran and Israel cooled oil prices and undermined demand for safe-haven dollars, while concerns about the future independence of the Federal Reserve added pressure on the greenback. The rupee gained 1.3% for the week, its best performance in two and a half years, to close at 85.4750 per

The pound is expected to see its biggest weekly rise against the dollar in nearly four months on Friday and remain close to its highest level in nearly four years reached the previous day, although this is more due to the weakness of the dollar than to the strength of the pound sterling. Sterling rose 0.14% against the dollar to $1.13745, just after Thursday's high of $1.37701, the highest since