The South African rand edged higher on Wednesday, reversing some of the losses incurred the previous day after its biggest trading partner China cut key policy rates.

The dollar index was flat after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China’s central bank unexpectedly cut key policy rates.

The South African rand was flat on Friday, after former president Jacob Zuma avoided being returned to jail thanks to a reduction in his sentence approved by the current president.

The pound dipped against the dollar though it firmed against the euro on Monday as markets continued to digest the previous week’s 25-basis-point rate increase by the Bank of England.

The dollar was on the defensive on Monday after a mixed U.S. jobs report provided little directional conviction and as market focus turned to inflation data from the world’s two largest economies due this week.

Reuters: The South African rand tumbled over 1% on Tuesday, extending Monday’s losses as global risk-off sentiment increased. At 0905 GMT, the rand traded at 18.0325 against the dollar, about 0.85% weaker than its previous close. SOUTH AFRICAN RAND TUMBLED It had weakened to as much as 18.0884 earlier in the day. The dollar last […]

Reuters: The dollar strengthened on Monday after a survey from the Federal Reserve showed U.S. banks reported tighter credit standards and weaker loan demand during the second quarter, a sign rising interest rates are having an impact on the economy. U.S. DOLLAR STRENGTHENED The Fed’s quarterly Senior Loan Officer Opinion Survey, or SLOOS, which is […]

Reuters: The pound Sterling edged higher on Friday but hovered near two-week lows after a string of central bank decisions this week reinforced expectations that the Bank of England will not deliver another jumbo rate hike next week. BRITISH POUND STERLING EDGED HIGHER Sterling was last up 0.1% against the dollar at 41.2813 and up […]

Reuters: The dollar fell on Thursday after the Federal Reserve delivered what some expected to be its last rate hike, while market focus shifted across the Atlantic to the European Central Bank’s rate decision later in the day. U.S. DOLLAR FELL The Fed on Wednesday raised interest rates by a quarter of a percentage point, […]

Reuters: Sterling traded higher against the U.S. dollar on Tuesday, staging a small rebound after a seven-day losing streak, but stayed close to a two-week low as traders keep their attention on Britain’s floundering economy. BRITISH POUND STERLING TRADED HIGHER At 1023 GMT, the pound was 0.16% up against the dollar at $1.28460 , while […]

Reuters: The dollar clung to gains against the euro on Monday after recent economic data showed a stronger U.S. economy and a slowing euro zone as traders look beyond a trio of central bank meetings this week for clues to the outlook for monetary policy. U.S. DOLLAR CLUNG TO GAINS A closely-watched purchasing managers’ survey […]

Reuters: The South African rand dropped on Thursday afternoon after the central bank held its key interest rate at 8.25% following 10 consecutive rate hikes since 2021, as expected by a majority of economists polled by Reuters. SOUTH AFRICAN RAND DROPS At 1323 GMT, the rand traded at 17.915 against the U.S. dollar, around 0.25% […]

Reuters: Sterling takes a beating as it struggles to recover from a sharp fall on Thursday following UK inflation data that undershot market expectations, while the dollar regained its footing after a steep decline last week that analysts said was overblown. U.S. DOLLAR GAINS, STERLING TAKES A BEATING In Asia, markets also had their focus […]

Reuters: The dollar wobbled near an over one-year low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge if the greenback has further downside in the wake of last week’s cooler-than-expected U.S. inflation report. READ MORE: Lebanon central bank governor’s properties seized U.S. DOLLAR WOBBLED NEAR A NEW LOW The U.S. […]

Reuters: A sliding dollar was pushed lower still in Asia on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by month’s end. SLIDING DOLLAR WAS PUSHED LOWER The dollar has been steadily slipping for about six weeks, but had its worst session in […]

Reuters: The South African Rand strengthened on Tuesday following improved local manufacturing output and a weak dollar spurred by expectations of an end to rate hikes in the U.S. SOUTH AFRICAN RAND STRENGTHENED The rand traded at 18.53 against the dollar at 1443 GMT, up 1.3% on its previous close. Data from Statistics South Africa […]

Reuters: The dollar clawed back its losses on Monday, recovering from a knee-jerk reaction to data showing U.S. job gains were the smallest in two-and-a-half years, while disappointing inflation figures in China weighed on the yuan and proxies. U.S. DOLLAR CLAWED BACK ITS LOSSES Nonfarm payrolls increased 209,000 in June, figures released on Friday showed, […]

Reuters: Sterling rose to a two week high against the euro on Thursday, after a survey from the Bank of England showed British companies’ expectations for selling price inflation had cooled. BRITISH POUND STERLING ROSE The BoE’s Decision Maker Panel showed expectations for output price inflation in the coming year fell to 5.3% in the […]

Reuters: The dollar was higher on Thursday, after the release of minutes from the Federal Reserve’s latest policy meeting cemented market expectations for a rate hike this month. U.S. DOLLAR WAS HIGHER In Asia, the yen hovered near the key 145 per dollar level that spurred intervention by Japanese authorities last September, while a faltering […]

Reuters: The South African rand firmed against the dollar on Tuesday in thin trading amid signs China’s decision to impose export measures on some metals used by the semiconductor industry could help the ailing currency. SOUTH AFRICAN RAND FIRMED Trading was relatively subdued due to a U.S. holiday and lack of local economic data points. […]

Reuters: The pound fell against the dollar on Monday as the U.S. currency rebounded from a tumble late the previous week, while traders continued to grapple with what expectations of several more Bank of England rate hikes mean for the British currency. BRITISH POUND FELL AGAINST THE DOLLAR Sterling was last down 0.18% at $1.2669, […]

Reuters: The dollar index was lower on Friday following two straight days of gains, after economic data showed a cooling in consumer spending, raising some doubt about the potential aggressiveness of the Federal Reserve in fighting inflation. U.S. U.S. DOLLAR INDEX WAS LOWER ON FRIDAY Treasury yields were also mostly lower after the data. The […]

Reuters: The South African rand weakened around 1% against a stronger dollar on Thursday after the release of the central bank’s quarterly bulletin and producer price index data. SOUTH AFRICAN RAND WEAKENED At 1447 GMT, the rand traded at 18.8350 against the dollar, 0.92% weaker than its previous close. The dollar last traded at 103.17, […]

Reuters: The dollar index rose on Wednesday following comments from a host of global central bank leaders, including Federal Reserve Chair Jerome Powell, who did not rule out the possibility of another rate hike by the Fed at its next meeting in July. U.S. DOLLAR INDEX ROSE Powell, speaking at a European Central Bank conference […]

Reuters: The South African rand gained on Tuesday as analysts speculated the weekend’s aborted mutiny in Russia may mean President Vladimir Putin could skip BRICS summit where South Africa would in theory be obliged to arrest him. SOUTH AFRICAN RAND GAINED The BRICS group of emerging economies, comprising Brazil, Russia, India, China and South Africa, […]