South African Rand forecast page 13 - zar south african rand rand
A round up of the latest South African Rand forecast news items from the Currency News desk.
USD gains on pound, weakens versus euro
10 Jul 2008 at 5 PM - Written by Admin
The US dollar weakened in relation to the euro on Thursday after seeing earlier gains against the shared currency on data showing that industrial production was down in both France and Italy in May.The declines for the greenback came on fears of more losses in the financial sector on mixed signals about the health of mortgage lenders...
Dollar declines after Iran missile test
9 Jul 2008 at 4 PM - Written by Admin
The US dollar weakened Wednesday after oil prices rose in the wake of reports that Iran has tested a missile said to be capable of reaching Israel and after new data showed that US oil inventories declined last week.The test, which took place during war games at the mouth of the strategic Strait of Hormuz, was said to have been a...
USD stronger on lower oil prices as G8 summit begins
7 Jul 2008 at 6 PM - Written by Admin
The US dollar strengthened in relation to the euro Monday as the Group of Eight summit began as guesses circulated that the US will use the meeting to try to find a way to stop the rise in crude oil prices, which were lower during the session on comments from Iranâ€™s foreign minister but still held above $141 per barrel.Gains in...
Jobs data hurts USD
2 Jul 2008 at 4 PM - Written by Admin
The US dollar saw declines after a private report showed more job losses in the US in June.A private report from ADP Employer Services said that there were 79,000 fewer jobs in the US last month, a day ahead of the Labor Departmentâ€™s employment report for the month.The greenback was also hurt by predictions that the Federal...
USD helped by oil prices before Fed rate decision
25 Jun 2008 at 5 PM - Written by Admin
The US dollar was about even in relation to the euro and up slightly against the yen on Wednesday ahead of the latest decision on US interest rates by the Federal Reserve.A decline in crude oil prices after gains in US inventories also helped the dollar, but a decline in new home sales in May and a decline in durable goods orders in the...
Pound weaker after house price report
23 Jun 2008 at 5 PM - Written by Admin
The pound weakened in relation to the US dollar and the euro on Monday in the wake of a report from online property search company Rightmove (LSE: RMV) that the average price for a home dropped 1.2 percent in May across the UK and was down 1.4 percent in London.The news made it less likely that the Bank of England will raise interest...
US housing starts data hurts dollar
17 Jun 2008 at 5 PM - Written by Admin
The US dollar was weaker again Tuesday, hurt by a new report from the Commerce Department showing that housing starts in the US were down in May, causing speculation that the Federal Reserve will not raise interest rates until the end of the year, if at all.However, the euro was hurt as well, by a new ZEW report that showed investor...
USD weaker versus euro, Australia and New Zealand dollars
26 May 2008 at 6 PM - Written by Admin
The US dollar declined on Monday in relation to the euro and the Australia and New Zealand dollars as markets in the US observed the Memorial Day holiday.The greenback was hurt by anticipation of a report due Tuesday that is expected to show that home prices in 20 US metropolitan areas were down 14.2 percent in March from the same time...
Existing home sales hurt US dollar
23 May 2008 at 5 PM - Written by Admin
The US dollar weakened versus the euro, the yen, and the Swiss franc on Friday, hurt by continuing troubles in the housing market and by gains in oil prices.The National Association of Realtors reported that sales of previously existing homes fell 1 percent in April, leaving inventories at a 23-year high.At around noon in New York, the...
Retail sales data helps dollar
13 May 2008 at 4 PM - Written by Admin
The US dollar strengthened in relation to the euro and the yen on Tuesday on new retail sales data that showed sales excluding automobiles were up in April.Without auto sales, retail sales in the US added 0.5 percent, more than had been expected.Still, with auto sales included retail sales were down 0.2 percent in the month as...
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