From the American dollar to the euro, including Australian and New Zealand dollars, the foreign exchange market started the week on a high note. However, the rand and the rupee have experienced a fairly bearish trend

The US dollar tried to recover on Monday after reaching a 4-week low against the euro after a dovish pivot by Federal Reserve Chairman Jerome Powell sent it down by more than 1%. The greenback gained 0.2 percent to $1.1699 per euro at the start of the Asian day, but remained close to Friday's low of $1.174225, a level not seen

The euro rose by 0.1% to $1.3502 against the British pound, after a drop of 0.8% in the previous session. It gained 0.4% to 147.46 yen, recovering some of Friday's 1% fall

The risk-sensitive Australian dollar briefly hit a weekly high of $0.6523 on Monday, before falling slightly to $0.6484. In the previous session, it had increased by 1.1%.

Australian and New Zealand dollars largely held their gains on Monday, after a dovish turn by the world's most powerful central bank hurt the greenback and helped the pair recover in the previous session, even though it is still struggling with the burden of lower rates.

In Africa, in a well-attended speech at the Fed's annual symposium in Jackson Hole on Friday, Powell opened the door to lower interest rates at the central bank's September meeting.

The South African rand weakened early on Monday as investors posted profits after a rally that took the currency to its highest level in nine months. At 06:03 GMT, the rand traded at 17.46 against the dollar, 0.2% less than at the close on

Aussie fell 0.1% to $0.6485, after rising 1.1% on Friday to bounce back from a two-month low of $0.6415.

The Indian rupee gave up its initial gains to finish lower on Monday, as concerns about high tariffs on Indian goods boosted demand for dollars, with offers from importers adding pressure. The currency closed down 0.1% at 87.58, compared to its previous close of 87.53 in the previous