South African rand
Weaker Turkish, South African and British Currencies
March 28, 2019
The Turkish lira slumped 5% against the dollar overnight when Turkish reserves data showed a large drop from previous intervention to support that currency. Still no word from the South African Reserve Bank’s monetary policy review, but analysts aren’t anticipating a rate hike. However, there is concern ahead of Moody’s sovereign debt call on South […] More
A Better Trading Session for Stocks
March 28, 2017
Only a few insignificant data reports have been released in Asia and Europe. Markets are viewing the implications of the U.S. healthcare bill fiasco on other Trump Administration legislative plans with less alarm and took advantage of the softer dollar and lower long-term interest rates to rebuild equity positions. Renewed confidence in the buoyancy of […] More
