CD South Africa: Rand needs new data to drive strength
The rand rally seems to be coming to an end as markets move on from last month's weak US non-farm payrolls figure. The local unit did not do enough to break the 13.25/$ level yesterday.
Sterling boosted ahead of inflation numbers
UK inflation has just dipped into negative territory – this is only the second time since 1960. If you’re thinking of buying or selling pounds today, you’ll need to get your timing right. Already this morning, the pound has lost almost one cent against the US dollar.
CD South Africa: Rand gains as risk on
Rand gains continued as fears of a formidable US Federal Reserve interest rate rise have been banished to a later date.
US Fed sets tone as data takes a holiday (video)
The New York Fed’s William Dudley suggested that job growth should normalise at around 100,000 a month, and his comments have pulled rate rise expectations back towards December’s meeting.
Fed's dovish cries leave US dollar weak
The US dollar is weaker thanks to fresh doubts as to when the Federal Reserve will raise rates.
US Fed opts for prudence
In the US, the Federal Open Market Committee’s (FOMC’s) meeting minutes revealed the logic behind the decision to keep interest rates on hold at its September meeting.
CD South Africa: The rallying rand
Although it's not over yet, this week could be the rand’s second-best week in four years.