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Exchange rate: fall in the American dollar and the yuan, rise in the Australian and New Zealand dollars and the rand

14/04/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Ce lundi, le dollar américain a chuté tandis que les dollars Australians and New Zealanders are rebounding. The Chinese yuan is falling and the South African rand is continuing to recover.

The dollar fell on Monday, the first rise since its lowest level in three years running out of steam as markets were frightened by the series of statements by US President Donald Trump on tariffs that last week shook investor confidence in the world reserve currency.

Investors are preparing for another volatile week, with Trump's imposition and then the abrupt delay of tariffs on goods imported into the United States continuing to cause confusion.

Australian and New Zealand dollars have recovered all their losses since April 2, when President Donald Trump announced drastic tariffs on the rest of the world, causing financial markets to sink and triggering an exodus of American assets.

The yuan fell against the dollar on Monday, after rebounding last week from its lowest level in 2007, as the overall weakness of the greenback was offset by uncertainties around US tariffs on China that cloud the outlook for the Chinese currency. At 02:55 GMT, the onshore yuan was down 0.23% to 7.3095 per dollar. It hit a low of 7.3518 on Thursday, a level not seen since the global financial crisis. The yuan has lost around 0.6% since April 2. The offshore yuan was trading at 7.3149 around 02:55 GMT, down by around 0.45% in Asian

trading.

The South African rand rallied further against a weaker dollar on Monday, extending a recent period of extreme volatility linked to US President Donald Trump's trade war and concerns that a key coalition partner could leave the country's government. At 06:38 GMT, the rand traded at 18.9675 against the dollar, about 1% more than its previous close. The risk-sensitive rand has fluctuated in line with Trump's tariff policy changes, which have exacerbated tensions between the United States and the world's second-largest economy, China

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