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

[ad_1] © 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

South Africa central bank won’t defend depreciating rand- Kganyago By Reuters

[ad_1] © Reuters. The South African Reserve Bank (SARB) governor Lesetja Kganyago attends the SARB Biennial Conference in the Cape Town International Convention Centre, in Cape Town, South Africa, August 31, 2023. REUTERS/Esa Alexander/File photo By Kopano Gumbi JOHANNESBURG (Reuters) -South Africa’s central bank Governor Lesetja Kganyago said on Thursday that the bank would not

South Korea to allow foreign financial firms to trade won onshore By Reuters

[ad_1] © Reuters. FILE PHOTO: Currency dealers work in front of electronic boards showing the Korean Composite Stock Price Index (KOSPI) and the exchange rate between the U.S. dollar and South Korean won at a dealing room of a bank, in Seoul, South Korea, March 16, 2023. SEOUL (Reuters) – South Korea said on Tuesday

South Korea FX Reserves fell from previous 421.8B to 418.3B in August

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US bank stocks slump on Fitch downgrade warning, 10-year US yield turns south

[ad_1] Share: Fitch Ratings analyst told CNBC on Tuesday that the agency could downgrade several big lenders, including JPMorgan, as reported by Reuters.  The financial-heavy Dow Jones Industrial Average opened in negative territory following this headline and was last seen losing 0.6% on a daily basis. Reflecting the poor performance of bank stocks,