The U.S. dollar edged higher against a basket of currencies, after the Fed held interest rates steady but stiffened its hawkish stance.

The dollar remained firm against a basket of peers on Wednesday ahead of a much-anticipated rate decision by the Federal Reserve later in the day.

Asian shares drops and the dollar was firm on Monday as investors looked ahead to policy meetings from the Federal Reserve, the Bank of Japan and other central banks this week.

The South African rand weakened against a firm dollar on Thursday after monthly mining figures showed a drop in production, while analysts had predicted an increase.

Asian stocks rose on Thursday, as traders figured a small upside surprise for U.S. inflation was unlikely to push up interest rates.

The dollar was broadly steady on Wednesday ahead of a key U.S. inflation report later in the day, though it rose on the yen.

The pound Sterling got a lift on Monday, taking advantage of a hefty decline in the dollar against the Japanese yen that spilled into other currencies.

The South African rand recovered some losses on Thursday after a consumer confidence index improved, although new data also showed that South Africa’s current account deficit had widened.

Asian stocks sank on Thursday, extending global equity declines after new signs of sustained inflationary pressures in the United States boosted the case for elevated interest rates for longer.

The dollar held near a six-month peak on Wednesday as jitters over China and global growth weighed on risk appetite, while the yen was close to a 10-month low.

The British pound held steady on Friday as data showed that previous interest rate rises are beginning to weigh on housing and manufacturing.

The dollar Dollar set for weekly loss after being on course to snap a six-week winning streak against major peers on Friday, as it headed into a pivotal monthly U.S. jobs report.

The pound Sterling held mostly steady on Wednesday, after data showed British consumers borrowed less than expected in July in response to higher interest rates.

The South African rand gained on Tuesday ahead of a raft of domestic and international data releases due later this week.

The U.S. dollar muted slightly on Tuesday as traders resisted placing large bets ahead of a slew of economic data this week.

The dollar eased from a 12-week peak on Monday as traders weighed the U.S. monetary path and potential interest rate increases.

The South African rand weakened in early trade on Monday, ahead of a week packed with the BRICS summit of emerging market economies and monthly inflation figures.

The pound Sterling rose slightly against the dollar on Thursday as traders factored in higher Bank of England interest rate expectations in light of recent inflation and wage data.

The South African rand edged higher on Wednesday, reversing some of the losses incurred the previous day after its biggest trading partner China cut key policy rates.

The dollar index was flat after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China’s central bank unexpectedly cut key policy rates.

The South African rand was flat on Friday, after former president Jacob Zuma avoided being returned to jail thanks to a reduction in his sentence approved by the current president.

The pound dipped against the dollar though it firmed against the euro on Monday as markets continued to digest the previous week’s 25-basis-point rate increase by the Bank of England.

The dollar was on the defensive on Monday after a mixed U.S. jobs report provided little directional conviction and as market focus turned to inflation data from the world’s two largest economies due this week.

Reuters: The South African rand tumbled over 1% on Tuesday, extending Monday’s losses as global risk-off sentiment increased. At 0905 GMT, the rand traded at 18.0325 against the dollar, about 0.85% weaker than its previous close. SOUTH AFRICAN RAND TUMBLED It had weakened to as much as 18.0884 earlier in the day. The dollar last […]

Reuters: The dollar strengthened on Monday after a survey from the Federal Reserve showed U.S. banks reported tighter credit standards and weaker loan demand during the second quarter, a sign rising interest rates are having an impact on the economy. U.S. DOLLAR STRENGTHENED The Fed’s quarterly Senior Loan Officer Opinion Survey, or SLOOS, which is […]