On Monday, currencies generally change in red. The Dirham depreciated by 0.4% against the euro, while the Chinese yuan fell. The Indian rupee could fall for its part. The US dollar hesitates and the yen falls. Australian and New Zealand dollars are stabilizing

The Dirham depreciated by 0.4% against the euro and by 1.1% against the US dollar during the period from August 29 to September 4, 2024. During this period, no auction transactions were carried out on the foreign exchange market, BAM reports in its

The Chinese yuan fell against the dollar on Monday as long-term returns hit historic lows after monthly inflation data added to economic concerns and calls for further easing. The onshore yuan was trading at 7.1060 per dollar around noon, down 0.23% from Friday's close

The Indian rupee is expected to open lower on Monday, following the decline in Asian stocks and currencies fuelled by concerns over the American downturn. The 1-month undeliverable futures contract indicated that the rupee would open at 83.97-83.98 per US dollar compared to 83.9475 in the previous session. The rupee stayed close to the 84 mark, reaching an all-time low of 83.9850

In addition, Australian and New Zealand dollars stabilized on Monday after last week's fall, caused by fears of an economic downturn in the United States, dampened risk assets, while rising bonds lost momentum.

The dollar stayed in tight ranges on Monday while the yen cut some of its safe-haven gains, with investors undecided on the extent of the Federal Reserve rate cut expected later this month and waiting for this week's U.S. inflation numbers for more clues.