At the start of the week, the dollar weakened, while the Indian rupee remained just above its historic low. For its part, the South African trend remained stable and the pound sterling increased slightly.

The dollar depreciated on Monday, in reaction to U.S. President Joe Biden's decision to end his re-election campaign, paving the way for another Democrat to challenge Donald Trump. The American currency slid 0.08% to 157.38 yen at the start of the Asian day, while the euro gained

The Indian rupee hit an all-time low on Monday, due to weakness in most Asian currencies, as state-owned bank dollar sales helped the South Asian currency avoid a fall. The rupee was at 83.6525 against the US dollar at 09:40 IST, almost unchanged from its previous close of 83.6625 in the previous session. The rupee hit an all-time low of 83.6660 on June

The South African rand was stable in early trading on Monday, with investors waiting for inflation data later in the week for guidance on the future trajectory of the country's interest rates. At 07:45 GMT, the rand traded at its Friday close of 18.2925 against the dollar. The risk-sensitive rand is often inspired by global factors such as the changing political situation in the United States, in addition to domestic factors.

Sterling rose slightly as investors expected new clues about the Bank of England's monetary trajectory from the S&P Global Composite Purchasing Managers' Index, which is due to be released on Wednesday. Sterling was up 0.05% to $1.2935 after reaching $1.3044 last week, its highest level since July 2023