South African rand gains on US Fed’s dovish signals By Investing.com

© Reuters. The South African rand strengthened against the dollar today, buoyed by the US Federal Reserve’s dovish comments that signaled potential rate cuts in the future. This shift in stance by the Fed has provided a boost to emerging market currencies, with the rand climbing 0.5% to 18.4994 against the dollar by 0951 GMT.

کد خبر : 437021
تاریخ انتشار : چهارشنبه ۸ آذر ۱۴۰۲ - ۱۴:۳۲
South African rand gains on US Fed’s dovish signals By Investing.com



© Reuters.

The South African rand strengthened against the dollar today, buoyed by the US Federal Reserve’s dovish comments that signaled potential rate cuts in the future. This shift in stance by the Fed has provided a boost to emerging market currencies, with the rand climbing 0.5% to 18.4994 against the dollar by 0951 GMT.

Amidst these global monetary policy developments, the , which tracks the greenback against a basket of other major currencies, remained flat, indicating that the rand’s gains were specific to the optimism around the easing of US monetary policy.

On the domestic front, South Africa’s financial health showed signs of tightening, with the M3 money supply for October contracting to 6.08%, a drop from September’s 7.67%. This decrease points to a reduction in the amount of domestic currency in circulation, which can have various implications for the economy.

Additionally, the pace of private sector credit growth has slowed down, coming in just below four percent. Investors and analysts are now looking forward to the South African Reserve Bank’s Financial Stability Review, which is expected to shed light on the current economic vulnerabilities facing the nation.

In the bond market, yields on South Africa’s benchmark government bond, due in the year 2030, remained unchanged in early trading, holding steady at just over ten percent. This stability in bond yields suggests that investors are maintaining their expectations for South Africa’s debt in the near term.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



لینک منبع : هوشمند نیوز

آموزش مجازی مدیریت عالی حرفه ای کسب و کار Post DBA
+ مدرک معتبر قابل ترجمه رسمی با مهر دادگستری و وزارت امور خارجه
آموزش مجازی مدیریت عالی و حرفه ای کسب و کار DBA
+ مدرک معتبر قابل ترجمه رسمی با مهر دادگستری و وزارت امور خارجه
آموزش مجازی مدیریت کسب و کار MBA
+ مدرک معتبر قابل ترجمه رسمی با مهر دادگستری و وزارت امور خارجه
ای کافی شاپ
مدیریت حرفه ای کافی شاپ
خبره
حقوقدان خبره
و حرفه ای
سرآشپز حرفه ای
آموزش مجازی تعمیرات موبایل
آموزش مجازی ICDL مهارت های رایانه کار درجه یک و دو
آموزش مجازی کارشناس معاملات املاک_ مشاور املاک

برچسب ها : ، ، ، ، ، ، ،

ارسال نظر شما
مجموع نظرات : 0 در انتظار بررسی : 0 انتشار یافته : ۰
  • نظرات ارسال شده توسط شما، پس از تایید توسط مدیران سایت منتشر خواهد شد.
  • نظراتی که حاوی تهمت یا افترا باشد منتشر نخواهد شد.
  • نظراتی که به غیر از زبان فارسی یا غیر مرتبط با خبر باشد منتشر نخواهد شد.