The dollar is about to record a third consecutive weekly increase, favorable economic data being likely to put a brake on Fed cuts. The yen stayed at levels that were likely to lead to Japanese intervention in the markets currency exchanges to defend its currency.

The dollar index, which measures the value of The greenback, compared to a basket of currencies, remained virtually unchanged at 99.36 and is expected to increase by 0.2% this week. The euro remained stable at 1,1607 dollars.

The yen appreciated by 0.05% against US dollar, at 158.58 yen per dollar, but is expected to fall by around 0.5% this week.

The chairman of the Federal Reserve of Chicago, Austan Goolsbee, said on Thursday that, given the numerous signs of stability in the labor market, the central bank should focus on the reduction of inflation.

The ECB has kept its rates unchanged since the end of a cycle of rapid declines in June and indicated last month that it was in no hurry to change its policy again.

The yen has fallen, the investors Anticipating greater room for manoeuvre for Prime Minister Sanae Takaichi in order to implement more fiscal policies expansionists in preparation for early elections scheduled for early July. Les warnings from the Japanese authorities that they are ready to intervene in the face of unilateral fluctuations in the foreign exchange market, have briefly supported the yen.

The yen benefits very little from expectations of rate hikes from the Bank of Japan. The central bank should wait until July before raising its key interest rate again, according to a Reuters poll published on Thursday.

The Australian dollar stayed almost unchanged against the US dollar, trading at $0.6699. The kiwi New Zealander appreciated 0.05% to $0.5745.

The yuan strengthened to 6.9645 for One dollar, its highest level since May 2023, before falling back slightly to 6.9660, up 0.03%. The motto is now on track to record an eighth week of gains, the longest series of weekly increases since 2020, thanks to a series of factors positive, including the weakness of the dollar and the increase in demand for end of the year on the part of exporters.

The Australian dollar was hovering around $0.67, after registering a slight increase of 0.2% overnight for bounce off a key support level of $0.6660.

And this, despite the rise in the dollar, who reached its highest level in six weeks after American data — in particular the drop in unemployment benefits applications and surveys optimists about the regional manufacturing sector — have led markets to Postpone the expected date of the next rate cut to June or July the Federal Reserve.

The Indian rupee closed at 90.8650 for One dollar, down 0.6% on the day, recording its strongest falling since mid-November last year and approaching its highest An all-time low of 91.0750 reached in December. Over a week, the motto has fell by about 0.7%.