Rand
This week’s podcast kicks off with Colin Lambert discussing some of the feedback he received over his comments in the week’s column over the re-papering of trades post the SNB debacle in 2015. He does not, of course, miss the opportunity to drive home his argument that algos should have mandatory price limits, along the […]
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 […]
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 […]
