The U.S. dollar fell against a basket of currencies on Monday, tracking a retreat in U.S. Treasury yields from the 5% level hit earlier in the session.

Asian shares hit 11-month low on Friday as fears of a regional conflict in the Middle East intensified and as a relentless rise in long-term U.S. yields pressured valuations, while supply concerns lifted oil prices further.

Sterling ticked up on Wednesday after data showed UK inflation held steady in September, though above expectations for a slight retreat.

The South African rand strengthened against the dollar on Tuesday, ahead of closely-watched local inflation figures which could offer investors clues on the central bank’s potential rate path.

The U.S. dollar drifted on Tuesday on the back foot as investors took stock of developments in the Middle East.

The South African rand stabilised on Friday after a week of volatility, with the focus turning to domestic inflation and retail sales figures this week.

The dollar rose sharply after U.S. consumer prices rose more than expected in September, lifted by an elevated cost of rent that raised the prospect of the Federal Reserve keeping interest rates high for some time.

The dollar hovered near two-week low on Thursday following minutes from the last U.S. Federal Reserve meeting that showed policymakers taking a cautious stance and as investors awaited key inflation data.

Sterling rose on Tuesday, moving further off recent lows and rallying in line with a rebound across markets. The South African rand was broadly unchanged in early trade

The dollar weakened on Tuesday along with U.S. interest rate expectations and a fall in Treasury yields as investors detected a slight dovish shift in Federal Reserve officials’ tone.

The South African rand recovered some losses on Friday after slumping to a four-month low earlier on the back of positive U.S. payrolls data.

Reuters: The dollar charged toward a 12-week winning streak on Friday, though it remained mostly rangebound as markets looked to U.S. nonfarm payrolls data later in the day for clues on whether the Federal Reserve’s hawkish messaging on rates will need tweaking.

The U.S. dollar retreated on Wednesday, tracking the pullback in U.S. Treasury yields, amid a mixed set of data suggesting that there are pockets of weakness in the world’s largest economy.

The South African rand extended losses on Tuesday, bearing the brunt of the stronger dollar and surging U.S. Treasury yields, analysts said.

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 a strengthening dollar on Wednesday 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.

The South African rand edged lower in early trade as markets await local inflation figures and a central bank interest rate decision.

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.