News Formal

Rand firms as Fed cut bets spur buying, stocks steady

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

At 1600 GMT the rand was 0.4% firmer at 14.7650 per dollar, retreating from a session-best 14.6700, but still its firmest level since 2 August.

JOHANNESBURG - The rand rallied to a 5-week high on Monday on global demand for riskier assets as investors bet the United States central bank would cut lending rates next week.

Powell’s remarks came as the Chinese central bank moved on Friday to cut how much cash banks must hold in reserve, releasing liquidity to shore up an economy hit by the Sino-U.S. trade conflict. The bourse wobbled after e-commerce giant Naspers slipped 1% to R3528.34 and gold stocks shed 5.01% as investors ditched the safe-haven asset.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 30. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Rand firms as market pins hope on stimulusHopes that China will move to boost its economy and expectations of stimulus from the European Central Bank could support the rand this week
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Rand firms as market pins hope on stimulusHopes that China will move to boost its economy and expectations of stimulus from the European Central Bank could support the rand this week
Källa: BDliveSA - 🏆 12. / 63 Läs mer »