|Day's Range||14.38 - 14.433|
|52 Week Range||12.4127 - 15.6790|
Strategists David Petitcolin and Sebastian Brown are targeting a gain for the Chilean currency to 45 per rand, from Thursday’s level of around 48.8, with a stop-loss at 50.5. The rand has advanced 1.3% against the Chilean peso this year, buoyed by a dovish global policy background and, more recently, the ruling African National Congress’s victory in general elections on May 8. The gains could be short-lived, as President Cyril Ramaphosa may face opposition to his reforms plans, Petitcolin and Brown said.
Investing.com -- Foreign exchange markets are in risk-off mode again in early trading in Europe Thursday, with the yen rising and the renminbi falling as the likelihood of fresh U.S. tariffs on Chinese imports rises.
Emerging market currencies get a lift after a stronger-than-expected U.S. jobs report boosts appetite for assets perceived as risky.
Investing.com -- The dollar was slightly stronger in early trading in Europe on Thursday as signs of global economic weakness push a retreat from riskier assets.
This publication is for information only, and does not announce a rating action. Moody's Investors Service ("Moody's") reviews all of its ratings periodically in accordance with regulations -- either annually or, in the case of governments and certain EU-based supranational organisations, semi-annually. Moody's conducts these periodic reviews through portfolio reviews in which Moody's reassesses the appropriateness of each outstanding rating in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Florian Hofbauer has been the CEO of Renk Aktiengesellschaft (FRA:ZAR)Read More...
Investing.com -- The dollar was edging higher against major European currencies early Friday in Europe after weak Chinese inflation data overnight reinforced concerns about global growth.
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Historically, Renk Aktiengesellschaft (FRA:ZAR) has paid Read More...
The South African rand had recovered losses by the end of the day on Thursday after a sharp selloff in emerging market currencies on rising concerns about global growth. Traders said the rand recovered as selling was considered to have been excessive and investors still see value at around 14.60 to the dollar. AT 1516 GMT the rand was 0.02 percent firmer at 14.4657 per dollar after tumbling to as far as 14.8975, its weakest in three months.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). To keep it practical, we'll show how Renk Aktiengesellschaft's (FRA:ZAR) P/E Read More...
Analysts think the rate hike was a protective move towards the currency. The risks come from the domestic policy, the Federal Reserve, the possible cut of oil production by OPEC+ and the risk-off sentiment among the investors.
Renk Aktiengesellschaft (FRA:ZAR), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. However, the trade-off is ZAR will Read More...
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
Colin Coleman, head of the South African group at Goldman Sachs, discusses the outlook for South Africa's economy with Bloomberg's Guy Johnson on "Bloomberg Markets: European Close." (Source: ...
Investing.com - The dollar retreated against its rivals Monday, pressured by a stronger pound amid lingering hopes of a UK-EU Brexit deal, while a firmer euro on positive remarks from European Central Bank Mario Draghi also hurt the greenback.
After the selloff in December, Chief Fixed Income Strategist Kathy Jones of Charles Schwab says investors are back with a "big appetite for risk" in sectors like emerging currencies. Yahoo Finance’s Alexis Christoforous speaks to her.