On cnbc. Im sara eisen. And im wilfred frost. Good morning from me as well. First, todays political story, ted cruz dropping out of the race after losing yesterdays indiana primary. With a heavy heart, but with boundless optimism for the longterm future of our nation, we are suspending our campaign. But hear me now, i am not suspending our fight for liberty. The move effectively makes donald trump the gops candidate for president. In a tweet rnc chairman Reince Priebus calls trump the Presumptive Republican nominee and calls on the party to unite and focus on defeating Hillary Clinton. As for the democrats, Bernie Sanders got a surprise victory in indiana. Much more on the political story. The wall street set up after an ugly day, another selloff on wall street yesterday. At this hour, early futures indicating a lower start. Dow futures down 45 points. S p futures down 7. 5. Nasdaq futures down 15. Nasdaq in particular has been an underperformer. Its finished lower eight of the last ni
April 13, 2021 - Written by James Fuller
Despite a lack of particularly strong South African data lately, the British Pound to South African Rand (GBP/ZAR) exchange rate has been struggling to recover from its worst levels since last week. Sterling remains broadly appealing, but was only able to advance more easily after today’s US data weakened market sentiment and made the South African Rand less appealing.
Last week saw broad losses for the Pound, and the South African Rand capitalised to knock GBP/ZAR to its worst levels since the beginning of the year. GBP/ZAR opened the week at the level of 20.27 before slumping and touching on that multi-month low of 19.90.
EUR/USD Exchange Rate Sees One of its Biggest Weekly Losses in Months
The Euro to US Dollar (EUR/USD) exchange rate tumbled over the past week. Investors have been looking for safer currencies like the US Dollar (USD) again, as expectations for a global economic rebound are tempered slightly.
Since opening this week at the level of 1.2222, EUR/USD has been trending with a downside bias. Yesterday, EUR/USD touched on a low of 1.2112 – the worst level for the pair in a month.
While EUR/USD is away from those lows a little, the pair still trends low in the region of 1.2122 at the time of writing on Friday.