Le US dollar was struggling to hold up, while the Australian dollar reached its highest level in five months. The rand is stable and the pound is appreciating against the dollar. The rupee is rising.

The dollar was struggling to hold on Monday, even as concerns about a U.S. recession eased slightly, while investors were waiting for concrete evidence of a thaw in Sino-American trade relationships, rather than mere hints from officials. The dollar also fell 0.2 percent to 144.63 yen, far from Friday's high around 145.91

The Australian dollar is at its highest level in five months, the outlook is improving. The New Zealand dollar rose by 0.4% to $0.5969, after ending last week with a slight decrease of 0.3%. Aussie hit its highest level in five months on Monday thanks to a weak US dollar, which was held back by the meteoric rise in the Taiwanese currency, while the kiwi also gained ground ahead of the release of quarterly employment data this week. The Aussie hit a five-year high of $0.6481, although it reduced some gains and increased by 0.3% to $0.6460. It also breached the key resistance of the 200-day moving average at $0.6457, in an upward move

The South African rand was stable in early trading on Monday, ahead of a briefing by the state-owned electricity company Eskom outlining its plans for the winter months in the southern hemisphere. At 06:57 GMT, the rand was trading at 18.40 against the dollar, little changed from Friday's closing level of

The British pound appreciated against the weaker dollar on Monday, pending the next monetary policy decision by the Bank of England expected later in the week. The pound rose by 0.29% against the dollar at 1.33045 at 11:07 GMT, in line with the movements observed in all foreign exchange markets

The Indian rupee is expected to maintain a slight positive trend this week and, alongside government bonds, it will draw on the Federal Reserve's policy decision as well as developments regarding a trade agreement between the United States and India and cross-border tensions. The rupee closed at 84.58 on Friday, up 1% over a week thanks to portfolio inflows and gains from its regional