South African rate cut catches analysts off guard, but easing cycle may be short-lived
The South African Reserve Bank (SARB) cut its main repo rate by 25 basis points on Thursday, surprising the vast majority of economists.
Policymakers voted unanimously...
Bitcoin needs to confirm a break above the 100-DMA
Following a brief spike to the $8,450 area earlier this week, bitcoin was rejected from mid-November highs and started to show signs of a bearish correction....
Yen sinks to two-week low vs dollar as U.S.-Iran tension wanes
The safe-haven yen fell to two-week lows against the dollar on Thursday, as the United States and Iran moved away from an all-out conflict, prompting investors to take...
Yen, Swiss franc fall after Trump signals no further action vs Iran
The safe-haven yen slid from three-month highs against the dollar on Wednesday, as U.S.-Iran tensions eased after President Donald Trump signaled there would be no further military action,...
Dollar set for best week in a month as sterling nurses losses
The dollar held firm at start of holiday-thinned week on Monday after U.S. data pointed to solid economic growth while the British pound found some stability after having suffered its biggest...
African currency used by 14 countries could end peg to the euro
Calls for reform of an African currency bloc, which has its roots in French colonial rule, could prove disruptive for foreign investors, analysts have suggested.
The...
Swedish, Norwegian crowns lifted by rate decisions; Aussie still strong
The dollar was down 0.1% on Thursday, little changed by U.S. President Donald Trump’s impeachment, while the Swedish and Norwegian crowns both rose slightly following central bank policy...
Boost for Saudi Arabia as Aramco shares surge 10% on debut
Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2...
Market volatility picks up amid conflicting trade headlines
After a fairly aggressive risk aversion during the Asian session on Wednesday, European stocks opened in the green, with Wall Street indices are looking set to...
Bitcoin could drop further before a reversal takes place
Bitcoin extends losses for a fifth day in a row already, threatening the $7,000 psychological level, which is standing on the way to early-May lows registered around...
