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Currency: the dollar and the rupee up, the rand falls

26/09/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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ce On Friday, the dollar maintained its gains as attention turned to consumer data for indices on the Fed. The Indian rupee has managed to stay on his side. The South African rand is retreating.

mso-font-kerne:18.0pt; mso-fareast-language:en; mso-bidi-font-weight:bold.> The dollar remained stable against the euro and the pound Sterling on Friday, maintaining its strong gains while Investors were waiting for household consumption figures americans. This data is scrutinized after growth figures. better than expected, which dampened expectations of a new monetary easing by the Federal Reserve this year.

The Index dollar, which measures the American currency against a basket of major currencies, was about to record its biggest weekly increase in two months, after the publication on Thursday of American figures that were higher than expected on economic growth, unemployment claims, goods sustainable and wholesale stocks.

Indian rupee managed to stay above from its all-time low on Friday, driven by a probable intervention by the central bank, while new American tariffs on Imports of brand-name drugs heighten ongoing concerns regarding the impact on foreign trade and portfolio flows. La At the opening, the national currency was expected to be around its lowest history of 88.7975, or even below, but it avoided this threshold mainly thanks to the intervention of the Reserve Bank of India (RBI), according to market operators.

The big South Africa slumped at the start of trading on Friday, extending losses recorded the day before, when the dollar soared as a result of data American economic expectations surpassed expectations. At 07:40 GMT, the rand traded at 17.46 per dollar, down about 0.2% from at the close on Thursday at 17.43

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