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currency rates

South Africa's rand firmer on improving economy, global yield hunt
Markets

South Africa's rand firmer on improving economy, global yield hunt

  • Crucially, it was the first time since early January the unit broke below the 14.50 technical resistance mark seen as a buy-target by traders.
  • "This is not going to change until we either get a diabolical budget from Mboweni (unlikely) or there is a global black swan event which throws us a curve ball."
Published 15 Feb, 2021 09:16pm
Russian rouble climbs to three-week high versus dollar
Markets

Russian rouble climbs to three-week high versus dollar

  • The rouble climbed 0.4% to 73.63 against the dollar , having briefly touched 73.5225, its strongest mark since Jan. 21.
  • Brent crude oil, a global benchmark for Russia's main export, was down 0.2% at $61.35 a barrel after hitting $61.69 on Wednesday.
Published 11 Feb, 2021 08:56pm
Dollar rebound slows as FX markets hover near thresholds
Markets

Dollar rebound slows as FX markets hover near thresholds

  • The euro hung just above a two-month low of $1.20 as the yen spent a second day around 105.
  • The dollar is up 1.3% this year as investors look to a widening disparity between the strength of the US and European pandemic recoveries.
Published 03 Feb, 2021 09:44pm
South African rand firms as investors chase higher yields
Markets

South African rand firms as investors chase higher yields

  • South Africa has enjoyed slightly better bond investment inflows than other emerging markets, largely a function of the high yield on offer.
  • Sentiment has also been buoyed by South Africa receiving its first COVID-19 vaccines this week as it eases lockdown restrictions.
Published 03 Feb, 2021 09:12pm
US dollar rises on weaker euro, Swiss franc and yen
Markets

US dollar rises on weaker euro, Swiss franc and yen

  • The dollar index was up 0.21% to 90.815 at mid-morning in New York, while the euro was off 0.36% to $1.209. Against the Swiss franc the dollar was up 0.45%.
  • The dollar may be more resilient in the near-term because "both growth and vaccination favour the U.S."
Published 01 Feb, 2021 09:43pm
Dollar drops in choppy trading, investors rebalance for month-end
Markets

Dollar drops in choppy trading, investors rebalance for month-end

  • There's such a tug of war right now between the longer-term momentum_and the shorter-term term phenomenon of maybe a dollar short squeeze.
  • The dollar index against a basket of currencies is up 0.50% this month after falling more than 6% last year. It was last down 0.22% on the day at 90.46.
Published 28 Jan, 2021 09:28pm