Dollars and yuan are falling while the South African rand remains stable. The Indian rupee has hardly changed.

The US dollar cut its gain by four weeks at the start of Asian trading as markets digested a surprise downgrade in the US government's credit rating and continued trade frictions weighed on sentiment. The greenback rose by 0.6% against its main competitors last week, after a temporary trade truce between the United States and China allayed fears of a global recession. However, economic data has highlighted rising import prices and a decline in consumer confidence. The dollar lost 0.3 percent to 145.22 yen. The greenback was also down by 0.2% against the Swiss franc, another safe haven

The Hong Kong dollar weakened to its lowest level in nearly a year against the US dollar on Monday, under pressure from favorable local currency conditions in the financial center. The Hong Kong dollar fell to a low of 7.8220 per dollar, the weakest level since May 2024. It was last traded at 7.8219 per dollar at 04:39 GMT

The Australian dollar was preparing for a central bank monetary policy meeting where a quarter-point drop was widely expected, while the Kiwi was waiting for a government budget that will include painful cost-cutting measures even as the economy is struggling. The New Zealand dollar strengthened 0.2% to $0.5891, after ending last week down

The Chinese yuan fell against the dollar on Monday, under pressure from weaker-than-expected economic data, while businesses rushed to buy cheaper dollars after a surprise downgrade in the US government's credit rating. Retail sales, an indicator of consumption, grew by 5.1% in the world's second-largest economy in April, compared to a 5.9% increase in March and a lower-than-expected rate of 5.5%, according to data released on Monday, as a trade war threatened to dampen momentum. At 03:42 GMT, the onshore yuan was down 0.08% to 7.2159 per dollar, while its offshore counterpart was down around 0.04% in

The Indian rupee could open without much change on Monday, with traders monitoring flows, updates on trade negotiations between the United States and India, and the trajectory of the Chinese yuan after last week's turmoil. The 1-month undeliverable futures contract indicated that the rupee would open barely changed from 85.5050 against the US dollar on Friday. The rupee traded in a wide range of 84.62 to 85.72 last week, before posting a weekly decline despite the truce between

The South African rand remained stable on Monday, with traders refraining from taking major bets ahead of this week's budget speech and the scheduled meeting between President Cyril Ramaphosa and U.S. President Donald Trump in Washington. At 7:30 GMT, the rand was trading at 18.01 against the dollar, up about 0.1% from Friday's close