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The South African rand fell on Tuesday after data showed that the country's unemployment rate hit a new record high in the first quarter, signalling continued weakness in an economy whose woes were exacerbated by the COVID-19 pandemic.
The rouble pared losses seen in the first half of April and firmed to a two-week high on Wednesday after a phone call between U.S. President Joe Biden and his Russian counterpart Vladimir Putin helped to ease fears of imminent new sanctions.
* Turkish inflation concerns rise ahead of rate decision * MSCI EM stocks index tumbles * Alibaba surges after shrugging off regulatory woes (Adds details, updates prices) April 12 (Reuters) - Currencies in emerging markets recovered from initial losses, but traded flat on Monday as focus turned to U.S. inflation data due later in the week, while investors pulled out of equities ahead of the corporate earnings season. The MSCI’s index of emerging market currencies was muted after falling as much as 0.2%, with the U.S. dollar and Treasury yields retreating as investors awaited inflation data...
By Reuters Staff (Adds details, updates prices) MOSCOW, March 1 (Reuters) - The Russian rouble firmed on Monday, pricing in rising oil prices and appetite for riskier assets, as the Moscow Exchange opened three hours earlier than previously in a move to capture more Asian investors. At 1304 GMT, the rouble was 0.7% stronger against the dollar at 74.10. Versus the euro, it gained 0.8% to trade at 89.30, having earlier touched its strongest level in more than a week of 89.1725. “The rouble’s further dynamics will be determined by investors’ general attitude towards emerging market assets ...
The South African rand gained sharply on Tuesday afternoon after Federal Reserve Chair Jerome Powell said the U.S. economy needed support for "some time," comments that hurt the dollar.