Quattro News

September 20, 2018

Forex Market Report

Good morning After a week full of build-up we finally arrive at our interest rate announcement, and yesterday’s data could have swung the vote. These are the mid rates as at 8:25 today: USD = 14.61 AUD = 10.60 GBP = 19.22 NZD = 9.72 EUR = 17.08 Brent Crude = $79.24 per barrel Market News One way traffic for the Rand yesterday and fortunately it was in a strengthening direction.  We opened the day at R14.82 before tracking stronger to hit R14.62 after our inflation print, and then held onto these gains throughout the afternoon session. Anticipation has built […]
September 20, 2018

Market News

Herewith the latest market information: Prime : 10.00% Gold (US$ per ounce) : 1 203.30 (+3.10) Brent Crude (US$ per barrel) : 78.81 (-0.22) Dow Jones : 26 405.00 (+0.61%) JSE Alsi : 56 445.00 (+0.11%) ZAR/US$ : 14.64 (+0.17) ZAR / Euro : 17.09 (+0.25) ZAR / GBP : 19.26 (+0.24) Market moving events: Our market closed marginally higher yesterday. The Rand firmed against all major currencies after better-than-expected SA inflation numbers were reported. Positive Pointer: The Rand gained 2% against the US Dollar after August inflation surprised on the downside. Statistics SA announced that inflation softened to 4.9% […]
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