The dollar rose against 13 of its 16 most-traded peers as a U.S. political stalemate persisted and President Barack Obama warned the nation faces a “very deep recession” if Congress doesn’t raise the debt limit, fueling haven demand.
St. Jude Medical Inc.’s Durata lead, the wire used to connect life-saving defibrillators to the heart, proved safe and reliable in an independent review that should ease concerns about its use, researchers said.
The rand fell for a second day as commodities including copper fell on signs of slowing demand from China, the world’s biggest user of industrial metals, putting pressure on currencies of commodity producers.
The rand retreated the most among emerging-market peers, halting the longest winning streak in almost a year, as the currency climbed to the strongest level in three months prompted demand for dollars.
South Africa’s rand headed for its worst weekly decline in five, fueled by the longest stretch of bond outflows on record, as continued signs of growth in the U.S. boosted speculation the Federal Reserve will curb stimulus.