The dollar rose against the euro and the pound sterling on Monday, while the Chinese yuan and the Indian rupee also rose. The pound sterling remained stable against the dollar.

The dollar rose against the euro and the pound sterling on Monday, on the eve of a meeting between US President Donald Trump and his Ukrainian and European counterparts. At the same time, markets are turning their attention to the Federal Reserve's Jackson Hole Symposium for guidance on monetary policy. On the currency market, the dollar rose by 0.1% against the Japanese yen, to 147.38, while the Swiss franc fell by 0.1% to 0.8069

The Australian dollar rose 0.1% to $0.6515, while the New Zealand dollar gained 0.3% to $0.5941, after losing 0.5% last week.

Le yuan chinois rose slightly against the dollar on Monday, as investors awaited the Jackson Hole symposium of the Federal Reserve American deralley later this week for more political clues and its implications for global currency markets

At 03:39 GMT, the onshore yuan was up 0.03% to 7.1808 per dollar, while its offshore counterpart was up around 0.1% in Asian trading at 7.1830.

The spot yuan is allowed to trade 2% on either side of the fixed midpoint each day.

The Indian rupee rose on Monday, boosted by rising local equities following planned tax cuts by Prime Minister Narendra Modi, while term bonuses and volatility expectations barely budged after the Trump-Putin meeting.

The rupee stood at 87.35 per US dollar, up 0.23% from 87.55 the previous session, rising in line with the rise in local equities. The Nifty 50 rose 1% — its biggest daily percentage increase since June 26, 2025 — to 24,876.95 points, and the BSE Sensex gained 0.84%

The pound remained stable against the dollar on Monday as investors focused on an upcoming meeting between US President Donald Trump and Ukrainian and European leaders, as well as on the release of the UK Consumer Price Index (CPI), as well as the release of the UK Consumer Price Index (CPI) expected later in the week.

The pound was stable at $1.3547 for the day, but still rose by around 2% against the dollar since the beginning of August, driven by encouraging economic data and a rate cut deemed offensive by the Bank of England earlier this month.