The US Dollar has soared across the board on the back of the prolific Nonfarm Payrolls. For the 17th consecutive month new people have been added to the payroll; private companies employed 233,000 new staff, while government organisations lost 6,000. The US Dollar Exchange Rate is trading almost a cent higher against the Pound Exchange [...]
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US Dollar Rallies as US Nonfarm Payrolls Up 227K | Sterling & the Euro Exchange Rates fade against Australian Dollar, New Zealand Dollar, Canadian Dollar, Indian Rupee & South African Rand
Friday, March 9th, 2012Sterling Soars as Inflation Hits 4% in the UK
Tuesday, February 15th, 2011UK consumer price inflation was announced today and it came in at 4%, which is double the Bank of England’s target. The rate was in line with investor expectations as VAT rises, higher fuel prices and increased commodity prices increased the value of the UK shopping basket. The Pound initially declined as the news was [...]
Read the rest of this entry »US Dollar Rallies Due to Middle East Unrest. The Week Ahead…
Monday, February 14th, 2011Political unrest in the Middle East finally led to a change in market sentiment on Friday, as the US Dollar rallied against many of its counterparts. President Hosni Mubarak finally yielded in Egypt’s revolution and handed power to the military. The markets reacted to this development in conflicting ways. US equities rallied immediately and the [...]
Read the rest of this entry »South African Rand Foreign Exchange Forecast – Sterling plumbs new depths…
Friday, October 15th, 2010Sterling plumbed new depths against the Rand this week, trading below the 10.85 level that marked the low back in May. Further negative news flow on house prices, employment and consumer confidence didn’t help, and the prospect of the long awaited government budget cuts still weighs. Of course, once this news is out of the [...]
Read the rest of this entry »South African Rand Update
Friday, September 24th, 2010Sterling lost 2% versus the Rand in August and a further 3% since the start of September. Last week’s UK data was dominated by bad news on house prices. Two influential survey’s confirmed that prices are heading south. Sterling followed. The UK’s austerity measures (to be unveiled in full by the coalition government in October) [...]
Read the rest of this entry »Latest Specific Currency Report – Sterling Vs. SA Rand
Tuesday, August 31st, 2010It’s not surprising to see this market enjoying a relatively stable period. The dominant theme in the markets right now is that there are two major currencies in play. The US dollar…and everything else! As evidence of a new economic slowdown continues to weigh on sentiment, investors have been moving assets into the “safe haven” [...]
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