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Currency: The dollar is swaying, the rupee is rising and the rand is weak

07/01/2026
Source : ORISHAS FINANCE
Categories: Economy/Forex

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This Wednesday, currencies move in a scattered order. The U.S. dollar oscillates while the rupee rises face to the American dollar. The South African rand remains weak in the face of the rebound in the dollar.

The dollar was trading within narrow margins on Wednesday. Globally, the dollar American remained stable , while investors Expected a series of likely American economic data to guide expectations concerning the Reserve's monetary policy federal, an element considered more decisive for currencies than geopolitical tensions persistent.

Upstream of these publications, the dollar index remained almost unchanged at 98.58, while the New Zealand dollar traded recently at $0.5784.

The Euro gained 0.03% to $1.1692 after giving up 0.3% the day before following the publication of data showing a slowdown of Higher-than-expected inflation in some major economies of the eurozone last month.

The rand South African stayed weak at the start of Trading on Wednesday, under pressure from a recovering US dollar and a The local purchasing managers' index fell in December, the most sharp drop in economic activity since January 2025.

At 06:46 GMT, the rand traded at 16.38 against the dollar, about 0.2% lower than its close on Tuesday.

The S&P PMI fell to 47.7 from 49.0 in November, as demand weakened and businesses reduced their purchases and their stocks.

The rand ended the year 2025 up by nearly 13% against the US dollar, its biggest annual gain in 16 years, while the greenback has weakened overall.

The Pakistani rupee strengthened against American dollar, appreciating by 0.09% in the first few minutes of trading on the interbank market on Wednesday.

At 10 am, the local currency was swaying around 279.82, or a gain of 0.25 rupees against the American dollar.

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