2024-11-14 23:51
IndustryZAR firms after big losses on Trump win
Rand performance:
Slight 0.1% gain, trading at 18.2275/USD at 1519 GMT
Ends four-day losing streak
Overall 5% loss since U.S. election
U.S. election impact:
Dollar strengthens post-Trump win
Investors expect higher short-term U.S. economic growth
Potential inflationary pressures anticipated
South African economic indicators:
Mining output rose 4.7% year-on-year in September
Improvement from 0.3% in August
Limited impact on rand performance
#SouthAfricanRand #ForexMarkets #TrumpEffect
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ZAR firms after big losses on Trump win
Hong Kong | 2024-11-14 23:51Rand performance:
Slight 0.1% gain, trading at 18.2275/USD at 1519 GMT
Ends four-day losing streak
Overall 5% loss since U.S. election
U.S. election impact:
Dollar strengthens post-Trump win
Investors expect higher short-term U.S. economic growth
Potential inflationary pressures anticipated
South African economic indicators:
Mining output rose 4.7% year-on-year in September
Improvement from 0.3% in August
Limited impact on rand performance
#SouthAfricanRand #ForexMarkets #TrumpEffect
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