The dollar maintains its gains made thanks to U.S. employment data and the Middle East crisis

The Japanese yen fell to its lowest level in nearly two months and other major currencies were also struggling with losses on Monday morning, as the dollar extended a surge triggered by good U.S. jobs numbers on Friday and an escalation of the Middle East conflict. The yen fell slightly to 149.10 per dollar, its lowest level since August 16, before cutting losses to trade around

The dollar collapsed against the yen and hovered near its lowest level in 2 and a half years against the pound sterling after the Fed changed its tone. The dollar index versus its main peers remained stable.

The euro was $1.0970, down 0.06%.

Sterling also remained stable around $1.3122, after suffering a 1.9% drop last week, its biggest drop since early 2023.

The New Zealand dollar rose 0.1% to $0.6166, pausing a week of declines ahead of a policy decision by the Reserve Bank of New Zealand (RBNZ) on Wednesday.

The Indian rupee is expected to hold near its all-time low on Monday after a US jobs report prompted investors to almost completely rule out the likelihood of the Federal Reserve opting for another major rate cut at its next meeting. The 1-month undeliverable futures contract indicated that the rupee would open at 83.97-83.98 per US dollar, up from 83.9725 in the previous session and just below the all-time low of 83.9850

The Kenyan shilling is expected to remain stable this week, according to traders. The East African currency traded at 128.50/129.50 per dollar at 06:39 GMT, the same closing rate as on Friday, according to LSEG data