Emerging Markets Update: USD/ZAR Boosted by US Dollar Strength
A stronger US Dollar has weighed on emerging market currencies, driving USD/ZAR higher. Rand remains in a difficult position ahead of Jackson Hole.
A stronger US Dollar has weighed on emerging market currencies, driving USD/ZAR higher. Rand remains in a difficult position ahead of Jackson Hole.
Bearish Sterling momentum builds on red-hot inflation print and rising rate hike expectations.
Asia-Pacific markets may rise after the US Dollar moderated overnight as US stocks closed mostly higher. The RBNZ rate decision is due today, with traders expecting a 50-basis-point rate hike.
FTSE 100 edges higher towards key resistance.
The index continued its decline as it approaches a key support area that must hold if the rally is to continue.
AUD/USD has been under pressure this week on the back of a stronger USD as bears push towards key support.
EUR/USD approaches parity once more after the dollar recovers post CPI losses. Jackson Hole and US PCE data appear as the major risk events for the week ahead
Cable continues its latest sell-off, testing sub-1.1900 levels, and with little in the way of good news around, further falls seem likely.
The price of gold threatens the monthly low ($1754) after failing to test the July high ($1814).
USD/CAD may face range bound conditions over the coming days if the exchange rate fails to clear the opening range for August.