The rand strengthened against the euro and bond yields fell for a second day after European central bankers signaled their intention to maintain monetary stimulus that has helped boost demand for higher-yield assets.
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 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.
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.
South Africa’s rand weakened for a fourth day as investors pulled out of developing-nation markets after the devaluation of Argentina’s peso and concern that Chinese growth is slowing. Bond yields rose to a two-year high.