RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Foreign exchange market: drop in currencies, except for the Indian rupee

10/10/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

At the end of the week, Australian dollars and New Zealanders are losing to the American dollar. The yen, the South African rand and The ruble also recorded a fall. Only the Indian rupee resumes his breath.

The Australian dollars and New Zealander seemed to be heading for a Weekly loss on Friday. The Australian dollar rose by 0.14% to 0.6565 dollars, while the pound sterling stood at $1.331, close to its two-month low hit on Thursday.

The New Zealand dollar was trading at $0.5755, close to its lowest level in six months, after the Central bank cut its key interest rate on Wednesday, officials evoking the fragility of the economy and leaving the door open for new relaxations.

For its part, the yen has stabilized, but is about to to experience its biggest weekly decline in a year, while Prospects for an imminent rise in interest rates are rapidly dwindling. The yen rose 0.2% to 152.7 per US dollar, remaining however, close to the lowest level reached since mid-February, recorded on Thursday. Over the week, the Japanese currency is heading for a fall by 3.5%, its biggest drop since last October.

The South African rand weakened during the first trades on Friday, with investors taking their profits after a surge in raw materials fuelled by geopolitical tensions, the blockage of the American government and economic uncertainties related to customs duties.

At 08:40 GMT, the rand traded at 17.2350 for a dollar, about 0.2% lower than its close on Thursday.

The Russian ruble weakened slightly against U.S. dollar and Chinese yuan on Friday, reacting to statements by the Central Bank who hinted that the key rate could still fall this year, despite planned inflationary tax hikes in the new draft budget. By 10:00 GMT, the ruble had weakened by 0.1% to 81.25 per dollar, according to over-the-counter trading data provided by LSEG. It fell by 0.3% to 11.35 against the yuan on the stock exchange of Moscow, where the yuan is the most traded foreign currency.

Elsewhere, the Indian rupee rose slightly Friday, moving away from its all-time low after having passed a major part of the week close to this threshold, thanks to an intervention persistent central bank that boosted dollar sales on the interbank market.

The rupee closed at 88.6850 against the American dollar, compared to 88.7825 in the previous session. The currency posted a weekly increase of 0.1%.

Provided by AWS Translate

0 COMMENTAIRE