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Day: May 29, 2017
May 292017
Great Britain Pound Rebounds After Friday’s Losses
The Great Britain pound rose against its major rivals today following the huge losses on Friday caused by polls that showed the ruling Conservative party is losing its lead ahead of the snap election in June. Conservatives had a huge lead over their Labour rivals according to the early polls. Yet the latest polls show that the gap is narrowing. It is important to note that there are still […]
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May 292017
Great Britain Pound Rebounds After Friday’s Losses
The Great Britain pound rose against its major rivals today following the huge losses on Friday caused by polls that showed the ruling Conservative party is losing its lead ahead of the snap election in June. Conservatives had a huge lead over their Labour rivals according to the early polls. Yet the latest polls show that the gap is narrowing. It is important to note that there are still […]
Read more
May 292017
South African Rand Drops as Zuma Resists Calls to Step Down
The South African rand fell against the US dollar today after President Jacob Zuma resisted calls to step down, supported by his party. Pressure was growing on Zuma to step down, even from withing his ruling African National Congress party, since he fired finance minister Pravin Gordhan in March. Yet the ANC committee decided to back the President. The rand fell as a result, though some analysts speculated […]
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May 292017
South African Rand Drops as Zuma Resists Calls to Step Down
The South African rand fell against the US dollar today after President Jacob Zuma resisted calls to step down, supported by his party. Pressure was growing on Zuma to step down, even from withing his ruling African National Congress party, since he fired finance minister Pravin Gordhan in March. Yet the ANC committee decided to back the President. The rand fell as a result, though some analysts speculated […]
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May 292017
South Korean Won Falls vs. US Dollar After North Korean Missile Test
North Korea performed yet another missile test, but markets were not disturbed by the event much. Nevertheless, the South Korean won fell a bit against the US dollar. North Korea fired one short-ranged missile that landed in the sea off its coast. Market participants did not feel particularly worried by the news, and the won’s decline was likely rather a result of the dollar’s strength. The US currency gained support […]
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May 292017
South Korean Won Falls vs. US Dollar After North Korean Missile Test
North Korea performed yet another missile test, but markets were not disturbed by the event much. Nevertheless, the South Korean won fell a bit against the US dollar. North Korea fired one short-ranged missile that landed in the sea off its coast. Market participants did not feel particularly worried by the news, and the won’s decline was likely rather a result of the dollar’s strength. The US currency gained support […]
Read more