overview The dollar remained dominant in this week’s markets as investors moved to the greenback for stability. Energy, supply-chain, health, employment and debt crisis’ ravaged the global scene in several nations – pushing investors away from emerging markets and towards the safe haven dollar. The long and short of this week is that the rand
Category Archives: Forex News
OVERVIEW The rand sets up for a weekly loss as dollar bulls triumph and investors launch a ZAR sell-off. Investors shifted focus from the temporarily overbought rand and moved to this week’s safe haven being the dollar.. We saw a stark contrast to the rand’s performance this week as opposed to last week’s emerging market
OVERVIEW Dollar strengthens against virtually all counterparts as the greenback reaches 7 month high off of tapering expectations and improved jobless claims data. SA MARKETS The possibility of asset-tapering has been talked about for quite some time however the confirmation of sooner than expected asset tapering shook the market this week. The dollar was already
August has started off with a shuffle of volatility as USDZAR saw a spread of 50c due to market conditions changing on the daily. We saw the dollar being sold off in the beginning of the week with comments from the Fed and uncertainty over the looming job data and global recovery dominating – pushing
USD/ZAR News The Dollar has strengthened this week after months of consecutive losses. Investors and market players adopted a wait-and-see approach leading up to The Fed’s meeting on Wednesday. Markets were pretty flat leading up to the key risk event and the complete opposite thereafter. The Fed announced an expected unchanged rate decision. What seems
The Dollar remains weak compared to other developed markets, giving way for the Rand to shine but the questions remains, for how long? Eskom continues with load shedding to prevent a national blackout. USD/ZAR News American Markets CPI data in the United States takes the trophy of events this week. Consumer prices rose a great
A faltering dollar lost strength off of tapering fears, while a global commodity boom played to the rand’s advantage this week. USD/ZAR News The dollar’s week began on a somber note with the Memorial Day holiday, range bound movement kept USDZAR hovering around R13.70/$ for two days.This somber start didn’t last as the markets saw a surge against the
USD/ZAR News Its been a turbulent week for the dollar, beginning with investor nerves over this week’s US Fed Monetary Policy Meeting. Market shifting moves were assumed to be side-lined however the dollar took advantage of the apprehension and tested R14.40’s in the week. The Fed reported that the economy is looking up with positive
The Rand saw an easing this week as global sentiment improved over the US Fed’s comments over continued economic support. USD/ZAR News The dollar’s focus of the week was firmly set upon the US Fed’s Monetary policy meeting.This meeting would reveal the outcome of the US interest rate decision and the forecast and expectations of
The Rand suffered a turbulent week with pressure from weak GDP figures and a volatile dollar rising after oil attacks and stimulus approval. USD/ZAR News The dollar remains largely unpredictable with this week’s price action serving as a prime example.Tuesday saw the dollar strengthen to a week best on USDZAR after Yemini forces launched attacks