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RSA declares national state of disaster as power crisis worsens and the South African Rand lost ground.
The U.S. dollar stuck and hovered near the middle of recent ranges versus major peers on Thursday.
Reuters: Sterling hit a new low against the U.S. dollar on Tuesday as investors expect the Bank of England (BoE) to end, and possibly reverse, its monetary tightening cycle soon while the U.S. British Pound Sterling hits a new low Federal Reserve might keep rates higher for longer. High interest rates usually support currencies. Investors […]
The US Dollar pauses bullish run on Tuesday from its rally at the start of the week, but hovered near a one-month peak.
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The dollar held firm on Monday after a strong U.S. jobs report suggested the Federal Reserve could stay hawkish for longer.
Reuters: The South African rand held steady on Thursday, after surging a day earlier when the U.S. Federal Reserve signalled it had turned a corner in the fight against inflation.
The US dollar plunges on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation.
The South African rand stays flat and showed little changed on Tuesday as the country continued to struggle with rolling power outages.