MARKET WRAP: Rand at best level in six months with focus still on central banks

The rand reached its best level in six months on Wednesday as global markets awaited more direction from the US Federal Reserve on Wednesday evening, while investors also shift focus to the SA Reserve Bank’s repo rate decision on Thursday.

At 5.22pm, the rand had firmed 0.78% to R16.2928/$ reaching R16.24 during intra-day trade, its best level since March. It had strengthened 0.88% to R19.2885/€ and was flat at R21.1604/£. The euro was little changed at $1.1841.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

MARKET WRAP: Rand firms ahead of Reserve Bank policy meetingThe JSE all share lost 0.35% and the top 40 0.35%, with most indices falling on the day
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

UK banks show a lack of faith in the housing marketWith unemployment likely to worsen, making it harder for people to pay their bonds, home loan providers are cranking up their rates
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

Homegrown vs Big Pharma: Who stands to benefit from the legal market for medical marijuana?Cannabis is scheduled for its South African parole on September 18. Kelly McQue’s handy medical marijuana producers’ guide is an opening salvo against corporate medicine’s demand for exclusive rights to the plant’s healing powers
Fonte: mailandguardian - 🏆 2. / 92 Leggi di più »

Market data — September 14 2020Market data including bonds and fuel prices
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

MARKET WRAP: Rand firms ahead of Reserve Bank policy meetingThe JSE all share lost 0.35% and the top 40 0.35%, with most indices falling on the day
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »