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Foreign exchange market: currency decline

01/09/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The dollar is being penalized by uncertainty about tariffs, while the Indian rupee hits an all-time low historical. The pound sterling is on the verge of recording a third session of fall against the euro.

The dollar was penalized on Monday by the uncertainty that Plane after a judicial setback by Donald Trump over his tariffs and growing expectations of a Fed rate cut in September before the presentation of the American employment report.

Around 09:35 GMT (11:35 in Paris), the greenback fell by 0.34% against the single European currency, to 1.1725 dollars for one euro, and 0.18% against the pound, to 1.3530 dollars.

The pound sterling appreciated against the dollar weakened on Monday, but remained committed to a series of three sessions consecutive pullbacks against the euro, while investors await the publication of American economic data this week, against the background of renewed fears about the UK's fiscal trajectory.

The pound rose by 0.18% to $1.3528, but fell by 0.14% to 86.65 pence per euro.

The Indian rupee fell to a level Record low against the US dollar on Monday, reflecting concerns increasing concerns the increase in American tariffs on Indian products and the wider economic implications for the country from South Asia.

The rupee fell to 88.33 for one US dollar, surpassing its all-time low of 88.3075 reached during the previous session. The Reserve Bank of India has intervened Friday to support the rupee, but the fact that it crossed the threshold of 88 caught most market players off guard

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