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 tumbles versus yen on resuming North Korea tensions
On Friday, the evergreen buck went down against the Japanese yen in early Friday trade versus a backdrop of resuming tensions on the Korean peninsula, although the steep divergence between American and Japanese monetary policy tamed the US currency’s losses.
As North Korean Foreign Minister Ri Yong Ho told on Friday his country could conduct an unbelievable hydrogen bomb test on the Pacific Ocean, as South Korea's Yonhap news agency informed.
Market participants also watched how Chinese financial markets would follow S&P Global Ratings' downgrade to the credit rating of China.
Gauging the US currency versus a basket of six key counterparts, the US dollar index declined 0.1% hitting 92.156, adding 0.4% percent for the trading week and staying above its more than 2-1/2 year trough of 91.011 reached on September 8.
The evergreen buck slumped 0.2% being worth 112.28 yen, although it grew 1.3% on the week in which the US currency scaled a two-month maximum of 112.725.
Similar
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.
Coronavirus vs Forex: status update
Coronavirus pushse gold and currencies to where they have not been for years. What next?
Latest news
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.
Deposit with your local payment systems
