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%

Brasil Notícia Notícia

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...

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »

WATCH: Market ReportBusiness Day TV speaks to Jacobus Brink from Novare
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »