Day: August 25, 2016

August 25
2016

South African Rand Rises, Remains Under Pressure from Political Uncertainty

The South African rand rose a bit today, joining other currencies of emerging markets in a small scale rally, but remained under pressure from political turmoil in South Africa. The MSCI emerging equity index rose a little on Thursday as various currencies of emerging economies profit from a halt in the US dollar’s rally. While the rand joined them, logging gains, the currency remains vulnerable due to political situation in the country. Finance Minister […]

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August 25
2016

Mexican Peso Little Changed After Current Account Gap Increases

The Mexican peso was little changed against the US dollar at the start of Friday’s trading after the release of a current account report on Thursday that showed an increase of a deficit. Mexico’s current account shortage rose to $7.852 billion in the second quarter of this year. The first quarter’s figure was revised from a deficit of to $6.991 billion to $7.597 billion. In general, currencies of emerging markets were relatively strong during the Thursday’s trading session as the dollar […]

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August 25
2016

EUR/USD Edges Higher Ahead of Jackson Hole & Yellen’s Speech

EUR/USD rose a bit today after two days of decline, though the currency pair has trimmed its gains as of now. Traders are focusing their attention on tomorrow’s symposium in Jackson Hole and speech of Fed Chairperson Janet Yellen. Market participants hope that Yellen will give hints regarding timing of interest rate hikes. If she shows the same optimism as most Fed members who spoke this week […]

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