Rand is range-bound as market eyes new catalysts

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The local currency is expected to hold steady this week due to the long weekend, while there are no major data releases on Monday

The local currency is expected to hold steady this week due to the Easter long weekend, while there are no major data releases on MondayThe rand was marginally softer on Monday morning and is expected to be somewhat range-bound this week, due to the Easter long weekend.

Upbeat Chinese data earlier lifted sentiment, but US corporate earnings season is the dominant market theme this week. The positive Chinese trade data, along with slightly weaker commodity prices, is likely to keep the rand range-bound, said TreasuryOne senior currency dealer Andre Botha. “Coupled with the short week, we expect the rand to stay within tight ranges as we head into the long weekend.”

At 9.35am the rand was 0.21% firmer at R13.9328/$, up 0.12% to R15.7668/€ while remaining flat at R18.2449/£. The euro was little changed at $1.1316.There are also some local data releases to look forward to this week, with the release of consumer inflation data for March and retail sales numbers for February, both on Wednesday. Also on Wednesday, Chinese first-quarter GDP numbers are due. They will be closely watched amid the concern that the global economy is slowing.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Business Maverick: South Africa’s Rand Held Back by Political Uncertainty, IMF SaysPolitical uncertainty is probably depressing the value of South Africa rand, according to the head of the International Monetary Fund’s Africa department.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Rand firms on falling dollar, stocks upInvestors’ appetite for riskier currencies was boosted on Friday after Chinese data showed exports rebounded last month.
출처: ewnupdates - 🏆 30. / 53 더 많은 것을 읽으십시오 »