The foreign exchange market showed a fairly varied currency trend as of Friday, March 10, 2023. The sector is affected by the difficulties of the SBV.Financial bank, British GDP, and US employment data.

Despite the beating that hit Wall Street, the Dollar remains firm. The greenback, which had lost 0.4% against the Euro the day before, did not give way against the Euro on Friday. It grabs +0.05% at 1.0580. The Dollar gained 0.15% against the Yen and the Pound and fell by only -0.2% against the Swiss Franc. The 'Dollar index' fell only 0.05% to 105.25 and has in fact been almost in balance since the discovery of the huge difficulties of the SBV.Financial bank.

In Japan, the Bank maintained its ultra-loose monetary policy. Thus, the yen was losing ground while the pound benefited from a stronger than expected rebound in British GDP in January. Around 11:00am, the Japanese currency lost 0.47% to 136.79 yen per dollar and 0.46% to 144.74 yen per euro. For its part, the pound gained 0.52% at 1.1987 dollars and 0.53% at 88.27 pence per euro.

Faced with the highly anticipated U.S. employment data, the South African rand regained strength early on Friday. At 0630 GMT, the rand traded at 18.5300 per dollar, almost 0.2% stronger than its previous close. It had reached its lowest level in three years at the start of the week.