The US dollar is falling, while the Australian and New Zealand dollars are stabilizing near their highest levels in several months. The Indian rupee and the Chinese yuan are increasing.

The dollar fell close to its lowest level in nearly four years against the euro on Monday as market optimism over US trade deals reinforced bets on early cuts in interest rates from the Federal Reserve. The greenback also stagnated near a low of four years against the pound sterling and a low of more than ten years against the Swiss franc after Washington and China moved closer to a tariff agreement, even as US President Donald Trump injected some uncertainty into the bullish market narrative by abruptly halting trade negotiations with Ottawa. The dollar index, which measures the American currency against six major currencies, including the euro, the pound sterling and the franc, rose slightly by 0.1% to 97,276, but was still not far from the lowest level in more than three years of 96.933 at the end of

Les Australian and New Zealand dollars advanced to multi-month highs on Monday, their future direction depending on how U.S. trade agreements play out as the tariff deadline approaches. The New Zealand dollar gained 0.3 percent to $0.6074, after rising 1.5 percent last week