Relentless rand 'a trifle overdone'

2017-03-24 10:57

While the rand rally has been relentless, analysts warn the local currency has been overextended and should consolidate.

Mighty rand dips below R12.50/$

2017-03-23 17:09

The mighty rand has continued its rally, dipping below R12.50/$ for the first time in 20 months as it refused to follow the general risk-off sentiment.

Rand cheers narrow deficit, easing CPI

2017-03-22 16:49

The rand hit 20-month lows following a boost from a narrow current account deficit and lower consumer price inflation.

Pound extends advance after rate view turns hawkish

2017-03-20 13:06

The pound has strengthened amid broad dollar weakness and after investors increased bets that the Bank of England will tighten policy as early as next year.

Pound leads rally against dollar on fixing demand

2017-03-15 10:38

The pound has led a rally against the dollar in early European trading, retracing losses, as fixing-related demand triggered stop-loss orders.

Dollar snowed in low volume range

2017-03-14 10:00

The dollar has traded in a tight range against most major peers with turnover below average as traders held on to existing positions.

Dollar drops as euro bets erase Trump-fuelled rally

2017-03-13 13:03

The dollar has traded lower versus most of its peers on position unwinding after the latest US employment report, while the euro attempted to maintain bullish momentum.

Yen drops as global bond rout deepens before jobs

2017-03-10 09:30

The rout in global government debt has showed no sign of slowing as Treasuries headed for their longest slump in more than 40 years.

Rand buckles under dollar strength

2017-03-09 12:43

The rand has finally buckled as the US dollar gained momentum against most of its peers on the back of remarkably strong US employment numbers for February.

Yen gains on Korea tensions while Asia stocks rise

2017-03-06 09:34

Escalating geopolitical tensions have sparked a rise in the yen, while most Asian equities advanced as investors assessed statements from China’s National People’s Congress.


Yen halts rally, stocks mixed before congress vote

2017-03-24 10:44

The yen has weakened for the first time in nine days while stocks were mixed before a key US vote on health care.

Rand vs dollar for Zim: Why rand as main unit would be prudent

2017-03-23 07:08

It would be prudent for Zimbabwe to use the rand rather than the US dollar, says Kupukile Mlambo, Deputy Governor of the Reserve Bank of Zimbabwe.

Pound near highest in a month on Trump trade pullback

2017-03-22 13:27

The pound has traded close to the highest level in almost a month after inflation broke through the Bank of England’s target and as investors pared dollar positions.

Dollar slides fourth day, Asian stocks are mixed

2017-03-20 08:29

A gauge of the US dollar has headed for its longest losing streak since Donald Trump won the election, while stocks faltered even with a global index at an all-time high.

Rand threatened by looming Fed rate hike

2017-03-14 18:01

The chief cause of the rand’s depreciation over the past week has been anxiety over the upcoming Fed rate hike, says Overberg Asset Management.

Pound falls as May gets go ahead for Brexit

2017-03-14 09:54

The pound has tumbled against all of its peers as London traders sold down the currency after UK Prime Minister Theresa May was given the go-ahead to trigger Brexit.

Pound on worst run since August amid faltering data

2017-03-10 15:34

The pound has been headed for its longest losing streak against the euro since August amid evidence that the UK’s decision to leave the EU is starting to hit economic data.

Dollar extends gain, euro climbs before ECB meets

2017-03-09 14:12

The dollar has risen and the euro strengthened as central banks dominated markets.

Pound falls on challenged Brexit plans

2017-03-07 13:03

Sterling has slipped to a seven-week low versus the dollar ahead of the final debate on the Brexit bill in the House of Lords.

Pound slumps to six-week low

2017-03-03 14:32

The pound has fallen to its weakest level in six weeks after data released showed Britain’s key services sector expanded the least in five months.

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