On Monday, currencies generally fell, except for the US dollar. Indeed, the US dollar is hovering near its highest level in three weeks before the Fed, while the Australian and New Zealand dollars are sluggish. The ruble, the yuan and the rupee are falling

The US dollar hovered near a three-week peak against its main competitors on Monday, amid expectations that the Federal Reserve will cut interest rates this week, but then signal a measured pace of easing for 2025. The dollar received additional support thanks to higher U.S. Treasury yields. The US dollar index - which tracks the currency against the euro, the pound sterling, the yen and three other main rivals - was stable at 106.86 at 00:53 GMT, after reaching 107.18 on Friday for the first time since November 26. The American currency gained 0.1% to 153.87 yen, and touched 153.91 yen earlier for the first time

The euro rose by 0.12% to 1.05155 dollars, after falling to 1.045375 dollars at the end of last week, its lowest level since November 26.

Australian and New Zealand dollars were limited by high bond yields on Monday, as markets pondered the prospects for easing U.S. policy beyond this week, while data from China was mixed, providing little encouragement.

The Indian rupee, after experiencing slight relief at the end of last week, is expected to come under further pressure on Monday due to a further rise in US Treasury yields. Undeliverable 1-month futures indicate that the rupee will open at 84.82-84.83 per US dollar compared to its previous close of 84.7875. The local currency rose by 0.1% on Friday, thanks to probable selling of dollars by the central bank and possible inflows of capital, according to traders

The yuan fell slightly against the dollar on Monday as the Chinese central bank pledged to maintain currency stability and set firm guidelines amid falling Chinese bond yields and signs of capital outflows. The yuan is expected to face increased downward pressure next year as Chinese authorities commit to further monetary easing in the face of an impending trade war with the United States. The yuan was trading at 7.2792 per dollar at the end of the morning on Monday, slightly weaker than at the

The Russian ruble strengthened against the US dollar and the Chinese yuan on Monday, with analysts saying that the market is still adapting to new US financial sanctions and should not react to an expected rise in key interest rates this week. At 09:30 GMT, the ruble was up 0.9 percent to 104.50 against the dollar, according to over-the-counter market data from banks. The ruble strengthened by 0.4% to 13.81 against the yuan during trading on the Moscow Stock Exchange. The ruble lost up to 15% against the dollar after the sanctions, but then recovered much of those losses. One-day ruble/dollar futures, traded on the Moscow Exchange and used as a reference for the over-the-counter exchange rate, remained stable at 102.92