|Day's Range||14.306 - 14.466|
|52 Week Range||11.4971 - 15.6790|
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...
The pressure on China’s currency continues to mount as the world’s second-largest economy shows more signs of slowing and traders bet that the dollar will soon buy a record amount of yuan in the offshore market. As the country returned to work on Monday after the Golden Week holiday, the People’s Bank of China cut the Reserve Ratio Requirement, the percent of deposit liabilities owed to its customers banks are required to hold, for the fourth time this year. While that may spur banks to lend more, it sent the Chinese yuan (USDCNY)(USDCNH) another leg lower, moving toward its August low against the greenback and in sight of the psychological 7.00 level.
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.
As investors turn their attention to turmoil in emerging markets, analysts at Nomura revive an index they say has correctly signaled two-thirds of past emerging-market currency crises. Here are the seven countries they see most at risk.
Investing.com - Markets kept a wary eye on wobbly emerging market currencies this week, with declines in the Turkish lira, Argentine peso, and the South African rand at the forefront.
I am going to take a deep dive into Renk Aktiengesellschaft’s (FRA:ZAR) most recent ownership structure, not a frequent subject of discussion among individual investors. The impact of a company’sRead More...
South Africa has gone into recession after its economy shrank by 0.8 per cent in the second quarter of the year. A recession is technically defined as when an economy contracts over two consecutive quarters. The main reasons behind the contraction in the second quarter were slowing agriculture, transport and trade sectors, according to Statistics South Africa.
South Africa unexpectedly met a widely used definition of recession in the second quarter, adding to the woes that have been dominating emerging markets as analysts weigh the risk of contagion across the asset class.
The U.S. dollar climbed higher early Tuesday as the U.S. returned from the long Labor Day weekend, as pressure on emerging markets continued and the buck benefited from haven flows.
Investing.com - The dollar rose to the day’s highs against a currency basket on Thursday, while the Turkish lira and the Argentinian peso skidded as a selloff in emerging market currencies gathered pace.
The U.S. dollar is on track to snap a six-day losing streak Thursday, undoing some recent weakness as it made particular inroads against the Australian dollar and the South African rand.
South Africa's rand led emerging market currency losses on Thursday, down more than 1 percent after U.S. President Donald Trump tweeted his concerns on land reform, while the rising risk of further U.S. ...
Trump Goes After the Fed Again Perhaps discontented with the rise of the dollar (NYSEARCA:UUP) on foreign exchange markets, or worried that the 10-year boom that began in 2009 may be coming to an end with President Trump blamed if the Federal Reserve keeps raising rates, Trump publicly criticized Fed Chair Jay Powell in an […] The post Market Morning: Trump Hits Fed, South African Kleptomania, Amazon Hires Cardiologist, Venezuela Banks on Crypto appeared first on Market Exclusive.
Turkey’s currency crisis is sending ripples through global financial markets, but analysts say it isn’t necessarily a death sentence for all emerging-market currencies.
A broader-based dollar index, the WSJ Dollar Index (XX:BUXX) which measures the buck’s strength against 16 rivals including the lira, was little changed but also in positive territory at 90.42. Elsewhere, the Turkish lira rebounded against the U.S. dollar on Tuesday following an intense few sessions of unraveling that has sparked concerns of economic contagion from Turkey. Most recently, the Turkish lira (USDTRY) was up sharply against the dollar and the euro (EURTRY) One dollar bought 6.3390 lira, down from 6.8846 late Monday in New York, dropping more than 8%.
Investing.com - After weakening to 13-month lows the euro clawed back above the $1.14 level on Monday, as Turkey’s lira pulled away from record lows against the dollar, but still held heavy losses for the day.
Investing.com - Emerging market currencies were hit on Monday, as turmoil gripping financial markets over Turkey’s currency crisis drove investors into safe haven currencies, including the U.S. dollar, yen and Swiss franc.
The South African rand fell more than 10 percent versus the U.S. dollar on Monday to hit its lowest levels since June 2016, as massive falls in the Turkish lira spread to other emerging market currencies. The rand fell to as low as 15.70 rand per dollar, down more than 10 percent from late last week.
Investing.com - Metals prices were mostly lower Friday as a plunging euro pushed the dollar above a year high, rattling investor sentiment on dollar-dominated commodities. But gold steadied on safe-haven demand.
The U.S. dollar strengthens across the board on Thursday, against the backdrop of an ailing British pound, which even a hawkish Bank of England couldn’t lift.
The U.S. dollar softens against most of its major rivals Tuesday afternoon in New York, as commodity prices bounce higher and gave related currencies room to climb.
Assessing Renk Aktiengesellschaft’s (FRA:ZAR) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has met or exceedRead More...
South Africa's rand retreated early on Thursday before the release of first-quarter current account data, giving back the previous session's gains as global concern over a simmering trade war resumed. * At 0630 GMT the rand was 0.73 percent weaker at 13.7475 per dollar, sliding back from Wednesday's 13.5600 as an emerging-market recovery petered out. * "We believe the risk-on phase of the last two years is over," said strategists at Nedbank Newels Heyneke and Mehul Daya in a note.