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.

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 extended gains on Friday as the U.S. dollar fell, leaving the rand slightly stronger than it was at the start of a bumpy week.

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 South African rand weakened on Monday, kicking off a week of data releases which include the country’s second quarter gross domestic product and current account.

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 extended gains to trade about 1% stronger against the U.S. dollar on Wednesday, after July inflation data came in lower than expected.

Britain’s pound Sterling a small lift on Tuesday, benefiting from a resurgence of risk appetite across markets as the dollar eased from its recent 10-week highs.

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 dollar was steady through Asia trade on Monday, following five straight weeks of gains, as investors looked ahead to the Federal Reserve’s Jackson Hole symposium.

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.