Tuesday, November 20, 2018
WASHINGTON - The Federal Reserve is expected to leave interest rates unchanged on Wednesday while signaling a gradual tightening of monetary policy later this year as the U.S. economy continues to expand and job gains remain solid. Investors will focus on the U.S. central bank’s gauge of inflation, which remains stubbornly below...
The rand was firmer against the dollar on Wednesday morning, as the euro maintained its newly found momentum against the dollar. The dollar is under renewed pressure following President Donald Trump’s forceful "America First" state of the union address on Tuesday, overshadowed by a weaker close on the Dow and as bond yields...
The rand slipped against the dollar on Monday morning, but held its ground against the euro and pound. The divergent performance in the rand largely mirrored global dynamics, where the dollar staged a modest recovery against a basket of currencies. The dollar has been under pressure of late despite key economic...
South African bonds were a little firmer on Thursday morning as the market followed the rand, which on Wednesday reached its best level against the dollar since mid-May 2015. Bonds have gained in 2018 on the expectation of a interest-rate cut by the Reserve Bank. But the momentum has become more...
JOHANNESBURG - South Africa’s rand steadied against the dollar early on Wednesday, holding at a two-and-a-half-year high, supported by a weaker greenback and expectations the new leader of the ruling African National Congress would rejuvenate the economy. At 0645 GMT, the rand traded at 12.0300 per dollar, largely steady from...
The rand held broadly steady on Tuesday morning, but stayed within touching distance of the symbolic R12/$ level, which represents the best level in two-and-a-half years. The local currency is highly sensitive to local political developments at the moment, and offshore events appear to be playing second fiddle. The ANC has...
The rand, which strengthened to R12.05 to the dollar at the weekend — following Friday night’s vote by the ANC’s national executive committee (NEC) to ask President Jacob Zuma to step down before the 2019 national election, and Saturday’s appointment of a new Eskom board — was trading at...
TOKYO - Japan’s central bank is set to maintain upbeat price forecasts next week and paint a slightly better picture of the economy than it did three months ago, signaling its conviction the country is making slow but steady progress in eradicating deflation. A man walks past the Bank of...
The JSE looks likely to trip after its run of three winning trading days on Wednesday, taking its cue from the US. The S&P 500 index started well on Tuesday, clocking 2,800 points for the first time, before stumbling to close 0.5% lower at 2,776 points. Tokyo’s Nikkei 225 index was down 0.7% on...
The rand edged lower on Tuesday morning, as the dollar appeared to stabilise after falling to a three-year low when measured against a basket of other major currencies. Traders were also keeping a close watch on local politics, which has been the primary driver of the local currency for weeks. Speculation...