The currencies started in the first week of the New Year 2026 in scattered order. Indeed, the American dollar has taken a hit the first week up sharply, while the Chinese yuan continues its progression and reached its highest level in 32 months. The rupee Indian is expected to remain under pressure this week and The South African rand remains stable.

The dollar started the first full week of New Year's quotes up sharply, reaching a high in three weeks and a half against the euro and a two-week high against the yen. The The dollar appreciated by 0.1% to 1.1704 dollars per euro, after having previously reached 1.170025 dollars for the first time since the 11th December.

It grew by 0.2% to 157.08 yen after reaching 157,255 for the first time since December 22.

The dollar rose 0.1% to 1.3443 $ per pound sterling and gained 0.1% to $1.3745 CAD.

The Australian dollar fell by 0.2% to $0.6682.

The Chinese yuan continued to grow in At the beginning of the year, reaching a high in nearly 32 months against the dollar on Monday, while the central bank maintained a measured appreciation while the seasonal demand for the Chinese currency has remained robust.

The yuan appreciated by 4.5% compared to U.S. dollar last year, ending three consecutive years of decline and thus registering its largest annual increase since 2020.

The cash yuan is allowed to fluctuate by 2% maximum on either side of the fixed midpoint each day.

On the spot market, the onshore yuan has reached a high of 6.9802 for one dollar at any point in time, the highest level since May 17, 2023, before trading at 6.9829 at 03:45 GMT.

Its offshore equivalent traded at 6.9780 for one dollar at 03:45 GMT.

The South African rand is remained stable at the start of trading on Monday, with investors looking at implications of American military action in Venezuela, the escalation of geopolitical tensions and the rise in demand for safe havens.

At 06:57 GMT, the rand traded at 16.5050 against The dollar, a hair's throw away from Friday's closing level of 16.5075.

LA rupee Indian should remain under pressure this week, traders warning that a move above 90 could boost the demand for dollars from importers, while bonds State debt could fall as a result of a higher public debt supply than planned.

The rupee was established at 90.1950 on Friday, down 0.4% over the week. She crossed the bar of the 90 during the Friday session, despite the support provided by the Reserve Bank of India via selling dollars at this level, according to currency traders