Stocks hit new high and rand extends gains

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Россия Новости Новости

The rand hit a 10-month high, extending gains after data on Tuesday showed a stronger-than-expected economic rebound for in the third quarter.

Further, headline consumer price inflation slowed to 3.2% in November from 3.3% in October, only adding to expectations of further monetary policy easing by the central bank, which kept its main lending rate on hold at 3.5% last month.

"Maybe the central bank cuts rates again and weakens the carry trade, that could be a reason for a pullback. Except for that, we should be expecting a confirmation of the strength." The Hungarian forint reversed some of its recent losses against the euro ahead of the EU summit on Thursday.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 13. in RU

Россия Последние новости, Россия Последние новости