CD South Africa: US rate rise odds back to 50/50?

Currencies Direct October 29th 2015 - < 1 minute read

It looks like the US Federal Reserve's December interest rise may be back on the cards. This is after the release of last night's Fed statement, which surprised markets with its rather optimistic tone: "the possibility still exists for a December hike."

The news saw the rand lose nearly 1.5% against the US dollar. Markets will now wait for November US job numbers with bated breath (6 November is the date to circle!).

AB InBev and SABMiller missed their deadline last night to agree on terms for their merger, extending it for another week. Today we have revised US GDP numbers and SA producer price inflation figures. Enjoy!   
Commentary by Gareth Frye

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Currencies Direct

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