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Currency: The dollar rises against the euro, the rand follows the dollar in first trades and the Russian ruble stabilizes

18/08/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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At the end of the week, the dollar rose again against the euro with the rise in bond rates. The South African Rand follows the dollar in early trading. On the other hand, le rouble russe se stabilise près de son plus haut niveau en deux semaines .

Boosted by the rise in bond yields in the United States reflecting the strength of the world's largest economy, the dollar rose again against the euro at the end of the session on Thursday. The dollar gained 0.12% against the euro at 1.0866 dollars per euro, around 19:40 GMT, the highest in six weeks. Joe Manimbo of Convera Financial Services said that “the dollar continues to shine as bond yields underscore the resilience of the American economy

.”

Pour sa part, le The South African Rand was slightly firmer in early trading on Friday, following a weaker dollar on global markets. The rand traded at 19.04 against the dollar at 06:20 GMT, 0.2% higher than Thursday's close. On the other hand, the rand is down about 0.4% against the dollar this week and about 6% this month.

The

De son côté, le Russian ruble stabilized on Friday, not far from a two-week high reached in the previous session, and is expected to gain more than 6% in what was It was one of the most volatile weeks of the year, with the market on alert for capital controls. The ruble was 0.1% stronger against the dollar at 93.68, approaching 92.55, at 06:51 GMT, its strongest mark since August 2, reached on Thursday. It lost 0.2% to trade at 101.91 against the euro and lost 0.4% against the

yuan at 12.82.
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