JOIN OUR MAILING LIST
Why is daily analysis of the Forex market so important?
Anything can happen..
The yield on benchmark government bonds fell yesterday. The yield on 2015 bond dropped to 6.54% while that for the longer-dated 2026 issue declined to 8.16%.
At 06:00 SAST, the US dollar is trading 0.1% lower against the South African rand at R11.0338, while the euro is trading almost flat at R14.0625. At 06:00 SAST, the British pound has gained 0.1% against the South African rand to trade at R17.8625.
Yesterday, the euro advanced against most of the major currencies. With the BoE monetary policy meeting and a speech from the ECB President, Mario Draghi, scheduled later today, the South African rand is anticipated to witness some volatility against the British pound and the euro.
At 06:00 SAST, the euro has advanced 0.1% against the US dollar to trade at $1.2745, while it has weakened slightly against the British pound to trade at GBP0.7873.
|Back||Back to top|