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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe 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
.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%
.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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