Foreign exchange market: currencies show Strong performances

The US dollar appreciated on Friday after the appointment of former Federal Reserve Governor Kevin Warsh, as the next president of the Fed. Australian and New Zealand dollars posted a second week of significant gains.

The dollar strengthened its gains after the Data showing a sharper increase than expected on Friday producer prices in the United States in December, with companies appearing to pass on the rise in customs duties costs to imports.

The dollar index, which measures the currency American against a basket of currencies including the yen and the euro, increased most recently from 0.57% to 96.73, while the euro fell by 0.55% to 1.1903 dollar.

The Japanese yen depreciated by 0.94% against the dollar, at 154.57 yen to the dollar. However, the greenback remains on track to record a weekly loss of 0.73% against the currency Japanese.

Australian and New Zealand dollars were about to end the week on a high note on Friday, the US dollar struggling to combat investor disillusionment, while the The prospect of rate hikes in the United States reinforced their attractiveness in terms of efficiency. The New Zealand dollar stood at $0.6078, close to its highest level in seven months, at $0.6092.

The cash yuan opened at 6.9530 for one dollar and was trading at 6.9499 at 02:57 GMT, 7 pips more than the closing of the previous session. The yuan appreciated by 4% compared to dollar in 2025 and has increased by 0.6% since the start of the year. This The recent increase is largely due to the conversion of dollars into yuan by exporters in order to pay their employees' bonuses before Lunar New Year, as is tradition.

The offshore yuan was trading at 6.9476 yuan per dollar, down by about 0.04% on Asian markets.

The Indian rupee fell by 2.3% in January and hit an all-time low of 91.9875 per dollar on Friday before closing at 91.9825, slightly lower on the day.