South Africa’s rand slipped against a stronger dollar on Wednesday, as investors turned their focus to the central bank’s rate decision due today.
The British pound dropped to a one-month low against the U.S. dollar on Tuesday as UK business activity data came in below expectations. S&P Global’s UK composite purchasing managers’ index.
The South African Rand strengthened on Monday amid relief that South Africa’s credit rating was not downgraded and bets on a large interest rate hike, with a central bank announcement the main focal point of the week.
The US dollar extended its decline versus the yen and euro on Monday, following a surprise breakdown in U.S. debt ceiling negotiations and after Federal Reserve Chair Jerome Powell indicated a preference to slow rate hikes.
Sterling was falling back towards a three-week low against the dollar on Thursday, as investors remained cautious after the pound’s recent rally, with the economy stagnating and the labour market softening.
The U.S. dollar firms near a seven-week peak on Thursday, after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a damaging debt default.
The pound fell on Tuesday, after data showed a rise in the UK unemployment rate, which could take some of the pressure off the Bank of England to raise interest rates.
The South African rand firmed in early trade on Monday, recovering from an all-time low hit against the dollar last week as investors were spooked by possible sanctions amid U.S. allegations
Reuters: South Africa’s Rand hit a new all-time low against the dollar on Friday, extending steep losses from the previous day. On Thursday the U.S. ambassador said he was confident that a Russian ship had picked up weapons in South Africa last year.
The South African rand sets a new three-year low in early trade on Thursday, under renewed selling pressure from the worst power cuts on record that experts say could get worse.
The US Dollar sank for a second day against the yen on Thursday, feeling the pressure from lower U.S. Treasury yields after slowing inflation gave traders more confidence.
Sterling eased against the U.S. dollar on Tuesday but stayed close to the previous day’s one-year high, ahead of the Bank of England policy decision later this week.
The dollar inched higher on Tuesday after a loans survey showed U.S. credit conditions were less gloomy than expected, while the pound flirted with a one-year peak on ex.
The South African rand slipped against the dollar on Friday after stronger-than-expected U.S. jobs data signalled that the Federal Reserve could continue with its rate hike cycle.
The South African rand firmed in early trade on Thursday, as the U.S. dollar fell against most major currencies following comments from the Federal Reserve.
The dollar slipped against most major currencies on Thursday after the U.S. Federal Reserve opened the door to a pause in its aggressive tightening cycle
The US Dollar in defensive mood on Wednesday, with investors expecting a hike in U.S. interest rates later in the day, but unsure how long the Federal Reserve will keep policy tight.
The South African rand stayed firm against the dollar on Friday, as local budget and trade data failed to offer much relief to investors in Africa’s most industrialised economy.
The U.S. dollar was on track for a second straight monthly loss on Friday on mounting expectations the Federal Reserve could soon end its aggressive rate-hike cycle.
he US Dollar retreated on Wednesday on fresh signs of a U.S. slowdown after orders for core capital goods fell more than expected in March.
South Africa’s rand slipped against the dollar, as the central bank warned core inflation in the country remained elevated and a leading business cycle indicator fell.
The British Pound was steady against the dollar on Monday, trading in close proximity to a 10-month high hit earlier this month.
The South African rand weakened on Friday, as rising expectations that the U.S. Federal Reserve will raise interest rates by 25 basis points in May lent support to the dollar.
The South African rand was weaker in early trade on Friday, as rising expectations that the U.S. Federal Reserve will raise interest rates by 25 basis points (bps) in May.
The US dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback.