|Day's Range||0.071 - 0.071|
|52 Week Range||0.0638 - 0.0837|
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.
Emerging market currencies get a lift after a stronger-than-expected U.S. jobs report boosts appetite for assets perceived as risky.
The U.S. dollar gives back some brief gains on Monday as its rivals remain strong on the back of optimism over U.S.-China trade relations.
South Africa's rand is expected to erase around a third of the 10 percent gains made in the past two months in the run-up to May elections as strong volatility rattles the currency, a Reuters poll found on Thursday. The median forecast of over 30 currency strategists polled Nov. 30-Dec. 5 suggested the rand will have fallen about 3 percent in six months to 14.33 against the dollar, better than the 14.67 expected last month. Strategists were almost evenly split whether the rand will be closer to their fair value estimates this time next year, with most suggesting the rand is correctly trading firmer than 14/dollar currently.
JOHANNESBURG (Reuters) - South African fast-food chain owner Famous Brands (FBRJ.J), which owns Wimpy, Steers and Debonairs pizza said on Monday it will take a pre-tax impairment charge of 874 million ...
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.
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.
South African investment house Brait SE (BATJ.J) reported a nearly one-third drop in annual net asset value on Tuesday after writing down to zero last November the value of its British clothing retailer, New Look [NEWOON.UL]. Brait, which also owns gym chain Virgin Active and British supermarket Iceland Foods, said NAV totalled 27.1 billion rand (1.5 billion pounds), or 57.3 rand per share, in the year to end March. Shares in Brait fell 1.2 percent to 36.80 rand as of 1029 GMT, bring losses over the last two years to nearly 70 percent.