Key Takeaways: The South African rand has weakened due to both domestic and international factors. The South African Reserve Bank will not intervene to counter the recent depreciation of the rand. The US dollar has gained strength due to evidence of a tighter labor market, suggesting potential wage inflation and a more hawkish Federal Reserve.
Markets: Gold down $16 to $1848 WTI crude oil down 78-cents to $90.93 US 10-year yields down 0.2 bps to 4.57% S&P 500 down 12 points to 4288 AUD leads, CAD lags The quarter ended with some drama as the US dollar shot higher, recouping losses from European and Asian trading and in some cases
Share: The GBP/USD is testing three-month lows after closing flat or bearish for seven of the last eight weeks. UK data continues to disappoint, suggesting a floundering economic outlook. US data keeps beating expectations, boosting USD in major trading pairs. The Pound Sterling (GBP) is notably bearish for Thursday, briefly breaking beneath the
© Reuters. FILE PHOTO: Banknotes of Chinese yuan and U.S. dollar are seen in this illustration picture taken September 29, 2022. REUTERS/Florence Lo/Illustration By Brigid Riley and Alun John TOKYO/LONDON (Reuters) – The dollar dipped against most currencies on Thursday ahead of U.S. inflation data later in the day that will shape the Fed’s policy
