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Foreign exchange market: falling dollars, rising yuan

17/10/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The dollar is heading for a weekly decline Friday, while the Australian and New Zealand dollars suffer collateral damage in the rush to risk. The yuan reaches its highest level in three weeks.

The dollar is heading for a weekly decline, weakened by trade tensions and fiscal paralysis

The dollar was still down on Friday, while global trade tensions and signs of economic weakness American companies reinforced the case for further rate cuts by the Federal Reserve.

The dollar index is about to record its highest sharp weekly decline for almost three months, the extension of the closure of the American government having interrupted the publication of data key economic factors.

The dollar index, which measures the value of the bill green against a basket of currencies, fell by 0.1% to 98.19, heading for a weekly drop of 0.7% - the largest drop in five days since end of July.

Australian and New Zealand dollars were on The defensive on Friday, concerns about credit losses American women having shaken the feeling of risk, while encouraging investors to bet on more aggressive rate cuts from the Reserve federal.

The Chinese yuan hit its highest on Friday level in nearly three weeks against the dollar, while the central bank Continue to strengthen the currency to stabilize the market before a meeting key policy next week and in a context of escalating tensions trade with Washington.

This increase occurred while the bank Centrale raised its daily orientation for the third session following a new high in one year.

The yuan strengthened to reach a peak of 7.1171 per dollar, the highest level since September 30, before run out of steam. It traded at 7.1236 at 03:32 GMT.

If he finishes the late night session at At noon, it would show a weekly gain of 0.17% against the dollar and would be up by around 2.5% since the start of the year.

Its offshore counterpart traded at 7.1257 for a Dollar, down about 0.01% in Asian trading on Friday.

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