Dollar Awaits Fed News, South African Rand Slides

PUBLISHED: Thu, 13 Sep 2012 12:02:40 GMT

Kelley Holland

Source: Dollar Awaits Fed News, South African Rand Slides

Fed meeting news awaits and Asian central banks stand pat – it’s time for your FX Fix.

Expectations of easing by the Federal Reserve sent the dollar lower. [CNBC]

New Zealand, Indonesia, the Philippines, and, surprisingly, South Korea, all elected to keep interest rates unchanged ahead of the upcoming Fed announcement. [CNBC]

Italy’s borrowing costs fell at its latest auction in the wake of the European Central Bank’s announcement of a bond buying plan, and Spain is getting sanguine about its problems. [CNBC]

The Australian and New Zealand dollars hovered close to multi-week highs ahead of a possible easing move by the Federal Reserve. [CNBC]

Concerns over industrial and political unrest in South Africa are sparking a selloff in the South African rand. [WSJ



Tune In: CNBC’s “Money in Motion Currency Trading” airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.

Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.       

               Talk back: Tell us what you want to hear about at [email protected]

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.