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© Reuters. FILE PHOTO: An employee counts U.S. dollar notes at a money changer in Jakarta January 27, 2010. REUTERS/Beawiharta/File Photo LONDON (Reuters) – The dollar is unlikely to lose its status as the global reserve currency anytime soon, even as the expansion of the BRICS group of developing nations signals another challenge to the
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RAND TALKING POINTS & ANALYSIS Falling SA inflation hinders ZAR upside. SA stock and bond outflows a concern. USD/ZAR exhibiting hesitancy ahead of key economic data. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/ZAR FUNDAMENTAL BACKDROP The rand is steadily
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2/2 © Reuters. FILE PHOTO: President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia’s Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2 2/2 By Rachel Savage and Karin Strohecker JOHANNESBURG/LONDON (Reuters) – The
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The echoes of the recent BRICS summit resonate with significance, promising to cast ripples across the market’s landscape. As the curtains fall, let’s unpack the main takeaways that hold the potential to reshape market dynamics in profound ways. In a bold stride, BRICS leaders have extended a hand to welcome new allies into their fold.
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USD/ZAR PRICE, ANALYSIS AND CHARTS: USD/ZAR Rises Despite BRICS Expansion Plans, Dollar Bulls Return. BRICS Bloc Has Extended an Invitation to 6 Countries to Join the Bloc with Saudi Arabia the Surprise. The BRICS Bloc Has Bold Ambitions but a Lot of Work Lies Ahead to Bring the Vision to Reality.The First Steps are Definitely