The dollar declines at the largest weekly rate in months against the franc and yen

At the end of a turbulent week, the US dollar showed significant weakness against safe-haven currencies, dropping to its lowest level in a month against the Swiss franc, while it declined on a weekly basis against the Japanese yen. This performance was contrary to the positive factors seen in the market, such as the easing of concerns over trade tensions and discomfort among some regional US banks.

Investors are facing a state of uncertainty due to the halt in the release of key economic data after the US federal government shutdown disrupted the issuance of major macroeconomic data, making investors less certain than usual about what is happening in the economy.

In the currency market, the dollar fell to its lowest level against the Swiss franc in a month, with the dollar declining 0.08% to 0.7925 francs, representing the largest weekly loss for the US currency since June.

As for the Japanese yen, it erased its initial gains after statements from the central bank governor, with the dollar stabilizing at 150.49 yen at the end of the session, recording a weekly loss. On the other hand, the euro declined against the dollar to reach 1.16678 dollars, down 0.17%, achieving, however, the best weekly performance in nine weeks.

The British pound also saw a slight decline against the dollar, reaching 1.3433 dollars, but it maintained its overall weekly gains. This mixed performance was reflected in the dollar index, which rose slightly during the session to reach 98.43, but is heading towards an overall weekly loss of 0.43%.