Currencies are moving in a disorderly order this weekend. While the dollar and the South African rand stabilize, the Indian rupee falls.

Boosted by the minutes of the February meeting of the American central bank, the dollar stabilized on Thursday at a level close to its highest level since the beginning of January against the euro. The greenback raked at 0.02% at $1.0603 per euro, around 19:37 GMT. Instead, it had gained 0.13% to $1,0591, which had pushed it below the $1.06 threshold for the first time since early January.

As for him, the South African rand remained stable early on Friday as investors were reluctant to take more risks in local markets. The rand traded at 18.2550 against the dollar at 07:42 GMT, 0.08% lower than its previous close. According to ETM Analytics in its note, “the rand stabilized and recovered once again to its lowest levels for the second trading session in a row, while bonds also recovered some lost ground.”

Furthermore, as uncertainty about the future path of Federal Reserve rate hikes shakes global markets, the rupee has fallen by 1% against the US dollar so far in February. However, its losses were smaller than those of most other Asian currencies.