South African Rand forecast page 12 - zar south african rand rand
A round up of the latest South African Rand forecast news items from the Currency News desk.
Yen gains on euro, USD, pound
19 Aug 2008 at 4 PM - Written by Admin
The yen strengthened versus the euro, the US dollar, the pound and the Australian dollar Tuesday as investors backed away from purchases of higher-yield currencies financed with the low-yielding yen, but the US dollar gained on the euro, the pound and the South African rand after wholesale prices in the US were reported to be up twice as...
Yen stronger on flight from risk
13 Aug 2008 at 5 PM - Written by Admin
The Japanese yen strengthened Wednesday as demand of higher-yielding currencies declined as it looked like interest rates in places like Australia and New Zealand are set to decline after major declines in commodities prices.Investors were also scared away from risky carry trades by new data showing that Japan could be about to enter a...
Eurozone rate speculation limits losses for euro
11 Aug 2008 at 4 PM - Written by Admin
The euro was only slightly lower versus the US dollar in late morning trade in New York after it was reported that an official of the European Central Bank had said the Bank is still worried about inflation.The reports raised sentiment that the ECB will hike interest rates again this year.The euro was worth $1.4989 while the shared...
Euro drops 3 percent versus USD this week
8 Aug 2008 at 4 PM - Written by Admin
The euro was on track to drop 3.1 percent versus the US dollar this week and it was down almost 2 percent on the session to $1.5042 to the shared currency on sentiment that the European Central Bank is not likely to raise Eurozone interest rates anytime soon.The declines came after ECB president Jean-Claude Trichet said that growth will...
Greenback gains ahead of Fed decision
5 Aug 2008 at 4 PM - Written by Admin
The US dollar was higher versus the euro and several other currencies Tuesday on predictions that while the Federal Reserve will leave interest rates unchanged in todayâ€™s meeting, it will also indicate that inflation is a threat and must be held back.In addition, while the Institute for Supply Managementâ€™s non-manufacturing...
Jobs report helps greenback
30 Jul 2008 at 4 PM - Written by Admin
The US dollar strengthened again Wednesday after a private report showed that 9,000 new jobs were added in the United States in July, ahead of the official Labor Department report on jobs, which is due Friday.The greenback was also helped by more declines in oil prices.At around 11 a.m in New York, the dollar traded at $1.5557 to the...
USD strengthens on oil prices, consumer confidence
29 Jul 2008 at 4 PM - Written by Admin
The US dollar gained on the euro and the yen Tuesday as US consumer confidence grew and crude oil prices resumed their recent declines.The Conference Board, an independent economic research organization, said its confidence index was up from 51 in June to 51.9 in July.Meanwhile, the yen was hurt by gains in the unemployment rate in...
Dollar weaker on credit comments by Fed official
28 Jul 2008 at 4 PM - Written by Admin
The US dollar weakened in relation to the euro and the yen Monday after comments from the president of the Minneapolis Fed in which he said that US credit problems are likely to get worse, and on speculation that house prices were down again when a new report on Mayâ€™s numbers is released tomorrow.A private report showing July...
USD up on government help for Fannie, Freddie
14 Jul 2008 at 4 PM - Written by Admin
The US dollar gained ground on the euro Monday after the Federal Reserve gave troubled mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) permission to borrow directly from the New York Fed and after US Treasury Secretary Henry Paulson asked Congress to grant the Treasury its consent to buy stakes in both lenders and to...
Lender worries hurt USD
11 Jul 2008 at 7 PM - Written by Admin
Worries about the fate of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), the two biggest mortgage lenders in the United States, reverberated through currency markets on Friday as investors failed to be moved by statements from US Treasury Secretary Henry Paulson an US President George W. Bush that the government is working hard on...
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