Trade report 15/04/2013
Many emerging market currencies are feeling pressure this
morning as a general rotation toward safe haven currencies unfolds. The USD-ZAR
level has already reached 9.0000with even greater gains to be expected. In the
coming trading sessions targets back up to 9.2000 seem realistic. The USD-ZAR
is expected to trade between 8.98-9.1000 today.
Retail sales and consumer price index (CPI) data from
Statistics SA is likely to be released later this week. Analysts are not
expecting positive results with consumers under pressure and interest rate cuts
not expected in the near future.
Central banks like the Federal Reserve and the Bank of Japan
(BOJ) are encouraging investors to put money into stocks and other high risk
investments, increasing their prices meaning good news for big American
companies.
To read the full report visit the Currency Solutions
website. Transferring funds out of South Africa/Money transfers into South
Africa – Let one of our professional consultants at Currency Solutions assist
you. To know more about how we can help you Contact Us.
No comments:
Post a Comment