Weekly Trends of Selected Commodity Prices and Exchange Rates of African and Major Global Currencies1: The situation as of Friday, January 10, 2025

In the week of January 10, 2025, prices of most commodities including crude oil, natural gas, metals, some agricultural commodities and fertilizers increased compared to the previous week. Similarly, in comparison to the corresponding period of last year, prices were higher for crude oil, natural gas most metals and some agricultural commodities. On the other hand, prices of a few commodities including nickel, wheat HRW, rice, sugar, cotton and DAP fertilizer fell during the same period. The Euro, the British Pound, the Japanese Yen and the Chinese Yuan depreciated against the United States Dollar (USD), whereas the Russian Ruble appreciated, compared to the levels in the previous week. Relative to the levels in the corresponding period of last year, all the selected major global currencies depreciated against the USD. Most of the reviewed African currencies depreciated against the USD when compared to their levels in the previous week as well as the corresponding period of last year.