Dollar holds ground ahead of Fed, yuan under pressure - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The towering dollar pushed the offshore yuan past the critical threshold of 7 per dollar overnight for the first time in more than two years, with the yuan kept under pressure at 7.0032 in the early Asia trade.Often used as a liquid proxy for the yuan, the Aussie hit a two-month low of $0.6685 on Friday.

Traders now shift their focus to a slew of monetary policy meetings by the Federal Reserve, the Bank of Japan, and the Bank of England next week, with the Fed in centre stage. Treasury yields rose on the back of the data, as investors revised their expectations of where rates could go.

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