The pound Sterling fell sharply on Monday, continuing a weak run that saw it drop 3.7% in September, its worst monthly performance in a year.

The dollar began the last quarter of the year in the ascendant on Monday due to prospects of U.S. interest rates staying higher for longer, and the yen’s slide to a near one-year low put traders on watch for intervention by Japanese authorities.

The British pound snapped a six-session losing streak on Thursday as the dollar’s relentless rally paused, but was still on track for a near 4% drop this month.

Sterling fell to six-month low against the dollar as markets are pricing in that the Bank of England (BoE) is done hiking interest rates.

The pound fell for a fifth day on Tuesday but is still up 18% from a year ago when former British Prime Minister Liz Truss’ borrowing plans drove it to a record low.

The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks.

Sterling dipped against the dollar to a session low of $1.2269 after data showed retail sales in Britain rose less than expected in August.

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.