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Dollar Awaits Fed News, South African Rand Slides

Thursday, 13 Sep 2012 | 8:02 AM ET

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

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