News Formal

MARKET WRAP: Rand at worst level in six weeks as dollar soars

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Argentina Noticias Noticias

Argentina Últimas Noticias,Argentina Titulares

The JSE tracked global peers weaker as investors assessed the US Federal Reserve’s next move

The rand fell to its worst level in six weeks on Monday, as the US dollar rose to a three-week high against the euro.

The dollar’s strength, on the back of Friday’s strong US jobs report, raised the likelihood of the Federal Reserve continuing with its inflation-fighting interest rate hikes for longer. Monday’s gains for the dollar followed a strong session on Friday when the greenback rose 1% against the euro, Reuters reported...

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

International Finance: Asian equities drop; yen declines on BOJ report: markets wrapStocks in Asia dropped as an unexpectedly strong US jobs report raised the prospects of more rate hikes from the Federal Reserve, while concern over US-China geopolitical tensions also weighed on sentiment.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

WATCH: Market ReportBusiness Day TV speaks to Jacobus Brink from Novare
Fuente: BDliveSA - 🏆 12. / 63 Leer más »