U.S. Treasury Secretary Janet Yellen will meet with Chinese Vice Premier He Lifeng in San Francisco this week to try to deepen a fledgling economic dialogue between the world’s two largest economies ahead of a U.S.-hosted summit of Pacific Rim leaders. The Treasury said the Nov. 9-10 meetings will also convene the new economic and
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.
USD/ZAR OUTLOOK: USD/ZAR Retreats Toward Support at the 18.71 Handle as BRICS Summit Gets Underway, SA Inflation Data Ahead. BRICS Bloc Has a Lot to Overcome Before Any Idea of a Single Currency Becomes Realistic. The South African Rand is in Good Stead for a Continued Recovery as Attention Turns to the Jackson Hole Symposium.
