This Monday, New Zealand and Australian dollars have fallen, as well as the Indian rupee, which is expected to last until last weeks of the year. Chinese yuan hits a new high in 14 months.

The dollar New Zealander and the main interest rates Market prices fell on Monday after the new governor of the central bank warned that financial market conditions had tightened these in recent weeks, which has led investors to revise downwards their rate hike forecasts for next year.

The New Zealand dollar fell by 0.4% to $0.5778, thus recording its third consecutive session of decline.

Investors downgraded their expectations of further rate hikes next year, the first measure not being fully integrated into the courses before September.

New Zealand should present an update Day of its mid-year budget on Tuesday and will also release data on Thursday for GDP in the third quarter, for which forecasts expect a rate of healthy growth of 0.9% in the last quarter.

The Australian dollar fell by 0.1% to $0.6648 on Monday, after increasing by 0.2% last week. The Australian dollar is slowly moving away from its high of $0.6685 reached last Wednesday, its highest level in three months, after the Reserve Bank of Australia mentioned a risk of tightening its monetary policy in the face of strong increase in inflation following the three rate cuts that took place this year. The Australian Labor Government is expected to present its update Mid-year budget on Wednesday.

According to George Tharenou, an economist at UBS, “the Australian dollar is expected to top the G10 currency rankings in 2026”.

The difficulties faced by the rupee should extend until the last weeks of the year, because the weakness of flows and the absence of a trade agreement with the United States is weighing on the morale of investors, while bonds will respond to debt purchases by the central bank and to the activity of foreign investors.

The currency hit an all-time low of 90.55 before closing at 90,4150 on Friday, down 0.5% over the week, and is about to record its worst annual fall since 2022.

The Chinese yuan hit a new high on Monday In 14 months against the dollar, the general weakness of the American currency having offset concerns about an economic downturn by the giant Asian and official forecasts that are lower than expected.

On the spot market, the onshore yuan has increased by 0.05% to reach 7.0508 for one dollar at 03:23 GMT, its highest level since October 8, 2024. Its offshore counterpart traded at 7.0487 per dollar, up about 0.08% on Asian markets.