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forex market

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
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
Sterling eases off recent highs as vaccine optimism fades
Markets

Sterling eases off recent highs as vaccine optimism fades

  • In this environment, everything is pointing towards refuge in the dollar, even if the moves are marginal in today's trading session.
  • The pound is not sheltered from this strong USD environment, despite the UK's aggressive rate of vaccine distribution, although it remains relatively robust against other G10 peers.
Published 28 Jan, 2021 08:58pm
Rebound in risk sentiment pulls sterling higher
Markets

Rebound in risk sentiment pulls sterling higher

*The pound fell in early trade after risk sentiment ebbed overnight in US and Asian markets. * sterling was up 0.3% against the dollar at $1.3720 and was also up 0.3% against the euro, at 88.60 pence.
Published 26 Jan, 2021 08:55pm
Russian rouble edges up on US stimulus hopes, rising oil
Markets

Russian rouble edges up on US stimulus hopes, rising oil

  • The rouble had pared early gains and was 0.2% stronger against the dollar at 73.57. It had gained 0.2% to trade at 89.12 versus the euro.
  • Yellen, at her confirmation hearing on Tuesday, said the benefits of a big stimulus package were greater than the expense of a higher debt burden.
Published 20 Jan, 2021 06:32pm
Russian rouble recovers after sell-off led by sanction risk
Markets

Russian rouble recovers after sell-off led by sanction risk

  • Risk of sanctions linked to the arrest of Kremlin critic Alexei Navalny upon his return to Russia for the first time since being poisoned last summer hit the rouble on Monday.
  • Rouble was 0.3% stronger against the dollar at 73.75 and was flat against the euro, trading at 89.45.
Published 19 Jan, 2021 05:39pm
Dollar at 1-month highs as markets eye Biden's FX policy; euro slips
Markets

Dollar at 1-month highs as markets eye Biden's FX policy; euro slips

  • With US markets shut for a holiday on Monday and Joe Biden set to be inaugurated as the next US president on Wednesday.
  • "I would expect differences in fiscal stimulus to be a driving force for relative performance of currencies this year as it is directly linked to the economic recovery story.
Published 18 Jan, 2021 04:48pm