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Emerging markets expert Peter Attard Montalto looks at currency drivers.
The dollar inched higher versus a basket of currencies but stayed below a three-year high, as investors ponder if Bernanke might reveal the timing of any wind-down.
The yen edged higher after Japan's economics minister said further weakness in the yen could harm households, while Asian shares rose.
Asian shares are mixed after US stocks dipped on weaker-than-expected economic data following recent record-breaking gains.
Oil and gold prices fell as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide.
The dollar eased as investors warily awaited the outcome of the US Federal Reserve's policy meeting.
The rand steadied against the dollar after being buffeted to fresh four year lows overnight, but the risk for further losses remains.
The dollar is near multi-year highs against the yen after surprisingly strong US labour data, but demand for riskier assets was curbed by a mixed bag of Chinese data.
The rand firmed against the dollar, but remained in a range as investors awaited President Jacob Zuma's State of the Nation address.
The rand has fallen through the key R9 level against the dollar as increasing negative sentiment towards SA's economy triggered stop losses on the currency.
The dollar firmed after the US Congress struck a last-minute fiscal deal to avoid most of the punishing tax hikes that could have jolted the economy back into recession.
The yen plunged in Asian currency markets after Japan's conservative opposition swept to victory in national polls.
Asian shares rose buoyed by strength in global equities markets, firmer economic sentiment in Germany and hopes of a deal from US budget talks.
The rand weakened as traders eyed local inflation data for direction.
Former ruling party Zanu PF has called for the re-introduction of the Zimbabwean dollar, with the currency being linked to the rand among other options.