The American dollar and the euro are rising, while the Australian and New Zealand dollars reach new heights in 2025. The Indian rupee is expected to extend its rise, and the Chinese yuan is climbing to near its highest level in seven months

After President Donald Trump set July 9 as the deadline for a trade deal with the European Union, cancelling his threat of a 50% tariff starting on June 1, the euro and the US dollar advanced against the yen and the Swiss franc, safe havens, on Monday. The dollar rebounded as much as 0.4 percent to 143.085 yen, after plunging 1 percent on Friday. The euro rose by 0.3% to 162.60 yen and added 0.2% against the dollar to reach the highest level since April 30

Australian and New Zealand dollars hit new highs for 2025 on Monday after new tariff threats from US President Donald Trump hurt the greenback, while a rebound in global equities also helped risk-sensitive currencies. The New Zealand dollar also gained 0.6 percent to $0.6029, the highest since early November. It jumped 1.5% on Friday, with solid support at the 200-day moving average of $0.5877

The Indian rupee is poised to start the week on a positive note, extending Friday's rally, supported by the strength of Asian currencies, which includes the Chinese yuan skyrocketing to its highest level in seven months. The 1-month undeliverable futures contract indicated that the rupee would open on Monday between 84.98 and 85.02 per US dollar, up from 85.2125 at the close on Friday. The currency had advanced by 0.92% on Friday, its best daily performance in more than two years

The Chinese yuan hit its highest level in seven months against the dollar on Monday, with Asian currencies being stronger overall while the greenback fell due to new tariff threats from Trump. The onshore Chinese yuan and its offshore counterpart both surpassed 7.17 at the start of Asian trading, reaching their highest level since November 8. At 04:03 GMT, the yuan was up 0.08% to 7.1744 per dollar after trading in a range of 7.1674 to 7.1775. The yuan is up 1.4% against the dollar this month and 1.7% this year, thanks to the feeling of “selling the United States” due to uncertainty over pricing policies and the recent downgrade by Moody's of the American sovereign credit rating by Moody's