Currencies recorded a general decline on Monday. Indeed, the dollar and the euro are falling by around 2% against the yen, while the Australian and New Zealand dollars are struggling to take refuge in safe values. The rupee ended at an all-time low and the South African rand and stocks fell. In addition, the Kenyan shilling is strengthening and the Chinese yuan is at its highest level in 7 months

The foreign exchange market was subject to strong shocks on Monday. Indeed, the dollar and the euro plunged by around 2% against the yen, in the wake of the turmoil on the Asian markets. Around 09:30 the dollar fell by 2.13% to 143.32 yen and the euro by 1.70% to 157.22 yen. Bitcoin fell by 15.68% to $53,010.00. The dollar had already fallen sharply on Friday after the announcement of a more severe deterioration in the American job market than expected, which could encourage the American Central Bank (Fed) to lower its rates, after its status quo decided

Australian and New Zealand dollars started the week on a negative note after weak U.S. employment numbers amplified recession fears, triggering massive risk aversion, while bonds hit 14-month highs due to the prospects of anticipated interest rate cuts in the United States. The New Zealand dollar fell by 0.1% to 0.5952 dollars, after rebounding by 1.2% last week. This week's local risk concerns employment data, where the market expects a further rise to 4.7% from 4.3% in the first quarter

The Indian rupee closed on Monday at its lowest level on record, under the pressure of likely capital outflows from local equities and the conclusion of carry transactions, as fears of an economic downturn in the United States shook the markets.