ZAR: an intriguing speech
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
Greenback fluctuates amid doubts over Trump's tax initiative
On Wednesday, rumors that President Donald Trump's tax overhaul initiative would stall kept the greenback below a recent 10-week maximum versus key currencies, and the common currency stuck to a 12-day maximum because political tensions over Catalonia relieved a bit.
The common currency didn’t change offering a reading of $1.1808 having hit $1.1828, which is its highest value since September 29, due partly to positive euro zone economic indicators, which have helped it to soar from a seven-week minimum of $1.1669 on Friday.
The euro's ascend strengthened after on Tuesday Catalan leader Carles Puigdemont dared to proclaim the region's independence from Spain, although he told the effects would be delayed to enable negotiations and prevent an immediate crisis.
Firm economic data out of Germany spurred confidence in the common currency because upbeat industrial output numbers reported on Monday were followed by Tuesday’s figures showing exports rallied in August.
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ZAR: an intriguing speech
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
CAD: is Canadian GDP puzzled?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
The assets wrap: the best, the worst, and the most volatile
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
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