South African Rand forecast page 9 - zar south african rand rand
A round up of the latest South African Rand forecast news items from the Currency News desk.
Yen weaker as risk appetite grows
29 Jun 2009 at 3 PM - Written by Admin
The Japanese yen weakened Monday as investorsâ€™ risk appetite increased on a report from the European Commission that executive and consumer sentiment in the Eurozone was up to 73.3 in June, from 70.2 in May.The yen was also hurt by a report from Japanâ€™s Trade Ministry that retail sales there dropped 2.8 percent in May from...
Rand weaker on GDP decline
26 May 2009 at 4 PM - Written by Admin
The South African rand weakened Tuesday after new data showed that the global recession has arrived in South Africa after the gross domestic product there dropped by 6.4 percent on an annualized basis in the first quarter of the yea r, much more than the 3.9 percent decline that had been anticipated.There is speculation that the South...
USD weaker on declining volatility
20 May 2009 at 7 PM - Written by Admin
The US dollar weakened Wednesday on the possibility that economic conditions will promote investor interest in higher-yield currencies.Declines for the greenback came as volatility in equities and currencies markets declined, with volatility indexes in both Chicago and in Europe at their lowest levels in 8 months.In afternoon trade in...
Euro weakens on economic contraction
15 May 2009 at 4 PM - Written by Admin
The euro weakened in relation to the US dollar and the yen after the European Unionâ€™s office of statistics released new data showing that the Eurozoneâ€™s gross domestic product fell by 2.5 percent in the first quarter, more of a decline than had been expected after the economy contracted by 1.6 percent in the fourth...
Yen, USD weaker, pound gains on manufacturing data
1 May 2009 at 4 PM - Written by Admin
The Japanese yen and the US dollar both weakened Friday as investors continued to purchase higher-yielding currencies as new reports indicated that the global economy might be beginning to recover from the recession.The Chinese Federation of Logistics and Purchasing reported that its Purchasing Managerâ€™s Index was up to 53.5 in...
Flu worries hurt peso
27 Apr 2009 at 4 PM - Written by Admin
The Mexican peso was hurt by the spreading swine flu outbreak there on concerns that the economy will be hurt by fewer tourists and less consumer spending as those concerned about contracting the disease stay home.It is feared that reduced tourism will hurt the economy, which depends on tourist dollars as its third most important source...
Yen declines on hopes for economy
6 Apr 2009 at 5 PM - Written by Admin
The yen was lower Monday as improved sentiment on hopes that the worst of the economic crisis could be over sent investors looking for more risk, although by late morning trade in New York, the Japanese currency had gained back some of its earlier losses.At around 11:30 a.m. in New York, the yen traded at Â¥134.7986 to the euro and at...
Risk appetite hurts yen, Swiss franc
26 Mar 2009 at 5 PM - Written by Admin
The Japanese yen and the Swiss franc, both traditionally seen as safe haven currencies in times of economic and political trouble, were weaker Thursday on reduced demand as investors hoped that the worst of the global financial crisis is over and were willing to make riskier deals for higher-yielding currencies.Additionally, the yen was...
Pound weaker on home sales, manufacturing reports
10 Mar 2009 at 5 PM - Written by Admin
The pound weakened against most currencies Tuesday on more bad economic news for the UK.The Royal Institution of Chartered Surveyors reported that the average number of transactions per estate agent fell to 9.5 in the three months ending in February, the worst in the thirty years since records have been kept.In addition, a separate...
Yen gains as investors avoid risk
11 Feb 2009 at 6 PM - Written by Admin
The Japanese yen gained on the US dollar Wednesday on doubts about the newly announced plans from the US government to bail out US banks after few details were disclosed in the announcement on Tuesday.Fewer investors are willing to make risky currency investments after equities markets declined on Tuesday after the unveiling of the plan...
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