The yuan rose on Monday, as did other Asian currencies, with investors betting on a fall in US rates within a month, which would mean the end of a long rise in the dollar. It climbed to 7.1437 per dollar during morning trading and was about 0.2% firmer at 7.1444. After being stuck for months at the bottom of its daily trading range as China's economic outlook darkened, the yuan has rebounded to the middle of its range in recent weeks, mainly due to the weakening dollar. The offshore yuan was up about 0.2% to 7.1463 per dollar at 03:30

The Dirham appreciated by 0.12% against the euro and by 0.25% against the American dollar during the week from 8 to 14 August 2024, according to Bank Al-Maghrib (BAM). During this period, no transactions adjudication were carried out on the foreign exchange market, states BAM in its weekly bulletin. Note that official reserve assets stood, on August 9, at 364.7 billion DH, down 0.5% from one week to the next and up 4% year-on-year

As for him, the US dollar fell overall on Monday, especially against the yen, as investors bet on an accommodative tone emerging from the minutes of the Federal Reserve's July monetary policy meeting and President Jerome Powell's upcoming speech in Jackson Hole. Against the yen, the greenback fell by more than 0.8% to 146.37 yen, down from a two-week high of 149.40 yen last week, although analysts said that the sharp drop was largely due to the overall weakness of the dollar. Faced with a basket of currencies, the dollar lost 0.24% to 102.21, not far from a seven-month low of 102.15. Traders fully incorporated a 25 basis point Fed rate cut in September, with a 24.5% probability of a 50 bps cut

The South African rand was slightly weaker in early trading on Monday, after gaining last week, ahead of the release of national inflation data on Wednesday, which could give insights into the future trajectory of the country's interest rates.