Rand Report: A week of varying exchange rates with the US Dollar and British Pound
The South African Rand has fluctuated around 3% since last Tuesday, currently resting at R18.85 against the US Dollar.
Source: thesouthafrican.com
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Gold remains firm amid Middle East tensions and neutral Fed guidance
Gold price (XAU/USD) holds onto a fresh weekly high, supported by the cautious market mood that is a product of the deepening Israel-Hamas conflict. T
Source: fxstreet.com
NZDUSD retraces to swing area. What now?
Swing area comes between 0.6202 and 0.62059
Source: forexlive.com
NY Fed's Logan says she expects usage of reverse repo facility to come down over time
The popularity of a Federal Reserve facility that allows financial firms to park cash with the central bank overnight is not concerning and usage should decline as rates on other investments start to rise, a senior New York Fed official said on Thursday.
Source: reuters.com