The South African rand was weaker in early trade on Thursday, ahead of U.S. jobless claims data that could give hints at future interest rate hikes by the Federal Reserve.
At 0608 GMT, the rand traded at 18.3800 against the dollar , around 0.33% weaker than its previous close.
The dollar last traded at 102.080 - around 0.06% stronger - against a basket of...
African Sovereigns: Deeper, Co-ordinated Debt Relief Needed to Strengthen Credit Profiles
Distressed African countries risk having weaker credit profiles for longer unless there are better co-ordinated debt restructurings. Any improvements need to overcome burden-sharing among more diverse creditor groups.
EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to...
judging from the bearish candle made from yesterday wich broke the upward trend and now forming a retest we are going to a strong bearish short position
Gold prices have come under pressure with the USD finding support post-NFP. This Friday, the greenback has faltered slightly giving spot gold some relief ahead of the Michigan consumer sentiment release later today
