Epic Research Singapore : Forex Market Update

Other major currencies held to tight ranges, with the British pound GBPUSD +0.0838%  rising 0.02% to $1.6339.

Meanwhile, stocks rallied and Treasurys rose modestly.

The delayed expectations of tapering helped give a bid to emerging markets currencies, which benefit from the continued Fed bond-buying that pushes investors into riskier assets, said Popplewell. In particular, the U.S. dollar fell 1% against the South African rand USDZAR -1.2460%  , with the greenback buying 10.3298 rand.  

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