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Foreign Exchange Market: currencies evolve in a varied mode

03/11/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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This Monday, the US dollar is up, while that the euro and the pound fall. For its part, the yen remains stable.

The dollar stayed close to its highest level for three months, on Monday. Investors are waiting for the release of several indicators this week to assess the health of the economy American and determine whether this could change the restrictive position of the Federal Reserve. Faced with a basket of currencies, the dollar stabilized at 99.73, close to its strongest level since August.

The New Zealand dollar stayed close to its highest low level for six and a half months, trading recently at 0.5730 dollars.

The Australian dollar rose by 0.2% to 0.6566 dollar, supported by expectations that the Reserve Bank of Australia kept its rates unchanged on Tuesday, after an uncomfortable rise of core inflation.

The euro fell to a three-month low, trading recently at 1.1536 dollars.

The yen stagnated near its lowest level since eight and a half months, penalized by the significant difference in interest rates between United States and Japan. Elsewhere, the yen fell 0.1 per cent to 154.10 per dollar, struggling to make progress against its main counterparts.

The Japanese motto has also remained close to one record weakness against the euro, trading recently at 177.86.

The British pound fell by 0.19% to 1.3145 dollar, in the run-up to the Bank's monetary policy decision from England this week, where the central bank is expected to maintain rates unchanged.

The book was also weakened by the growing political pressures surrounding the minister British finance minister, Rachel Reeves, while investors are concerned about the potential consequences of its November budget on businesses, households, and overall economic activity.

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