Tag: Rand

Rand

Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) Euro Climbs Following Draghi’s Rate Hike Delay On Thursday, the euro climbed 0.6%, reaching a seven-week high of $1.1290 against the USD. This increase in value came following ECB President Mario Draghi’s announcement that the ECB […]

What is(n’t) Going on in the Rand?

Dealers are talking about an interesting, and for the foreign exchange market, unusual, reaction to the latest political upheaval in South Africa. News that finance minister Pravin Gordhan had been summoned to be interviewed by police saw a sharp move higher in USD/ZAR yesterday that had the pair peaking out after an 85 big figure […]