The South African rand weakened at the start of a week, while the Kenyan shilling remained stable and the rupee was rising. The Chinese yuan, Australian, New Zealand and American dollars are oscillating

The South African Rand weakened on Monday, ahead of a series of local economic data released this week, which could provide insights into the health of the local economy. At 0732 GMT, the rand was trading at 17.80 against the dollar, 0.51% lower than its previous close. The rand, like most emerging market currencies, benefitted from a weaker dollar on Friday after comments from Federal Reserve Chairman Jerome Powell consolidated bets of a rate cut in September

The Kenyan shilling held steady on Monday, with traders saying that market activity was moderate despite S&P Global downgrading the country's sovereign credit rating by S&P Global on Friday night.

The dollar collapsed against the yen and hovered near its lowest level in 2 and a half years against the British pound after the Fed changed its tone Bookman Old Style”, "serif">. The dollar fell by 0.59% to 143.56 yen for the first time since August 5 in the early hours of the previous Monday, down 0.25% .The dollar index, which measures the value of the currency against a basket of six major currencies, including the euro, the pound sterling and the yen, stagnated at 100.64, just in below the 13-month low of 100.60 reached at the end of last week.