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Mercury

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sa rand exchange rate

South African rand gained 1% as Pound struggles to hold ground

By Mercury 27-06-23 12:47

Reuters: The South African rand gained 1% on Monday, as investors watched for potential ripple effects of the aborted weekend mutiny in Russia. SOUTH AFRICAN RAND GAINED At 1210 GMT, the rand traded at 18.6000 against the dollar, around 0.84% stronger than its previous close after strengthening over 1% earlier. The dollar was last trading […]

dollar index rose

Dollar at a disadvantage as investors eye global economic outlook

By Mercury 26-06-23 12:40

Reuters: The dollar on the back foot on Monday, though it found some safe haven support on lingering worries that the protracted monetary tightening cycles from major central banks would further hurt the global economic outlook. U.S. DOLLAR ON THE BACK FOOT Dramatic weekend events in Russia also kept investors on guard, though reaction in […]

British Pound Sterling

Pound is set for 6 month high after central bank rate decisions

By Mercury 19-06-23 17:26

Reuters: The pound is set for its biggest weekly rise in six months on Friday after days of economic data and central bank rate decisions, and ahead of the Bank of England’s monetary policy meeting this week. BRITISH POUND IS SET FOR 6 MONTH HIGH At 0900 GMT, the pound was at $1.279, up less […]

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