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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThis Monday, the US dollar was stable, while
Australian and New Zealand dollars remain above their highs
low levels in the last few months. The Pakistani rupee recorded a slight increase
improvement against the US dollar.
The dollar was stable on Monday, investors
exercising caution when the risks of intervention hovered over
yen. The British markets also remained under pressure as they approached.
of the presentation of the budget, during a week shortened by the holidays and
marked by a monetary policy meeting in New Zealand, where a
Lower rates are expected.
The dollar index remained broadly stable at
100.15, with the other major currencies trading close to their recent highs
stockings.
Elsewhere, the euro held steady at $1.520, without
take full advantage of the resurgence of interest rate cuts
Americans in December. This trend follows the words of the president of the
New York Fed, John Williams, who said that a rate cut was
possible in the short term.
The Euro did not immediately react to the plans of
peace for Ukraine, while Kiev and Washington indicated that they had developed a
updated and refined framework, modifying the 28-point plan presented the week
previous.
The dollars
Australian and New Zealand stabilized on Monday
above their lowest levels in recent months, with markets having
fully integrated a quarter-point cut in New Zealand rates this
week, but being less certain of the prospects for further easing
afterwards.
The Australian and New Zealand markets have
recovered on Friday, driven by the ambient optimism about the possibility that
the Federal Reserve may lower rates again next month, after
New York Fed President John Williams said that rates
interest rates could fall in the short term.
The Australian dollar remained virtually unchanged at
$0.6454, after gaining 0.3% on Friday, moving away from a low of
three months at $0.6422.
Kiwi remained stable at $0.5607, after
increased by 0.5% on Friday, from a seven-month low to $0.5581.
The Pakistani rupee recorded a slight
improvement against the US dollar, appreciating by 0.07% during
first hours of trading on the interbank market on Monday.
At 10 am, the currency hovered around 280.43,
This is a gain of 0.19 rupees against the American dollar.
The week before, the Pakistani rupee had recorded a slight gain, appreciating by 0.10 rupees, or 0.04%, compared to the American dollar on the interbank market.
LA
local currency closed at 280.62 vs 280.72 the
Previous week against the US dollar, according to the State Bank of Pakistan
(SBP).
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