South African rand stayed firm as dollar firms with Fed interest rates
The South African rand stayed firm against the dollar on Friday, as local budget and trade data failed to offer much relief to investors.
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The South African rand stayed firm against the dollar on Friday, as local budget and trade data failed to offer much relief to investors.
The Japanese currency plunged to its lowest since September 2008
The US dollar rose as inflation grew in March, keeping the Federal Reserve on track to raise interest rates at next week’s monetary policy meeting. Meanwhile, the yen fell after the Bank of Japan kept ultra-low interest rates, leading to a fall in the Japanese currency.
Table of Contents. Section ... | April 19, 2023
Hyperinflation has fueled the creation of multiple exchange rates in Argentina, where cash is king. There's a legal way for tourists to get a preferential rate.