The rand weakened to a three-week low on Friday, while the JSE closed little changed on the day, but almost 2,800 points below levels of a week ago. The local bourse was in line with weaker global peers as investors assessed the more hawkish tone of the world’s central banks.
he cautious tone struck by the MPC regarding the balancing of rate hikes versus economic conditions that caused the market to “interpret it as a little more dovish than expected, and the rand lost a little bit of ground,” said TreasuryONE currency strategist Andre Cilliers. At 5.22pm on Friday, the rand had weakened 1.45% to R15.6787/$, 1.49% to R17.4799/€ and 1.68% to R21.0315/£. The euro was little changed at $1.1146.
The Fed struck what was seen by many as a hawkish tone, leading markets to partially price in five interest rate increases for the world’s largest economy in 2022.
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
MARKET WRAP: JSE powers ahead with Fed hike in March priced inLocal bourse rises the most in almost two weeks as investors bet the US central bank will stick to the script on interest rates
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »
منبع: Moneyweb - 🏆 5. / 77 ادامه مطلب »
Market data — January 27 2022Market data including bonds and forward rates
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »
'Poor conditions driving Joburg fresh produce market into the ground'The Joburg fresh produce market is at a risk of losing out on suppliers due to years of neglect of the facility. Better to pay the price of discipline than to pay the price of regret tomorrow and make the right decision to join the winning team today Robert_BAR1
منبع: SowetanLIVE - 🏆 13. / 63 ادامه مطلب »