The rand is trading on the wrong side of R18/$ for the first time in more than three months, as expectations grow that US interest rates may still climb much higher.
Strong US employment data, released last week, fuelled fears that the US Fed may move to cool inflation with even higher rates. "These comments were particularly noteworthy given that they explicitly pushed back against the narrative of rate cuts by year end, which markets had started to assume would be coming fairly soon," said Michael Hewson at CMC Markets.
_Business Now where are the SA economists who in Nov/Dec 2022 were saying that interest cycle had reached its peak. Fact is that the USA inflation is far from under control. not even factored in the $1.4 trillion spending they approved in late Dec. Oil price above $86. Trouble looming
_Business We need to get rid of this rubbish called dollar and trade in the BRICKS currency as of August.... They've suffocate our Afrikan currencies so they can take our minerals for up to nothing for years...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rhino, elephant numbers rising in Uganda after years of poaching - agency | BusinessThe number of endangered elephants, rhinos and other animals in Uganda's reserves is steadily improving, a state-run wildlife agency says. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
Thabi Leoka | SONA: The annual update on empty promises | BusinessWhen the president did eventually take to the podium on Thursday, he began his SONA by declaring that SA is a nation defined by hope and resilience. Unfortunately, there is a tangible milieu of hopelessness across the country, writes Thabi Leoka.
Source: News24 - 🏆 4. / 80 Read more »
UK mega-lab generates weather to test homes of future | BusinessScientists are testing the efficiency of different heating systems for housing with a new science experiment that could also reduce carbon emissions and tackle climate change.
Source: News24 - 🏆 4. / 80 Read more »
OPINION | 5 behavioural biases investors ignore at their peril | BusinessPortfolio managers can, like any other human being, find their judgment clouded by biases. Joseph Pearson and Anton Pietersen explain how to guard against these biases for better decision-making. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
Nearly half of SA consumers say their financial position worsened in the past year - report | BusinessSouth African consumers have their backs against the wall, with more than a quarter of the respondents in a survey by global consulting company NielsenIQ indicating they only have enough money for food, shelter and basic goods. | News24_Business _Business True _Business Ziyakhala _Business Thanks to the presidency of CR.
Source: News24 - 🏆 4. / 80 Read more »