Rand rises for third day as coal strike ends and Cyprus's financial package deal

Note: This section contains information in English only.
Source: Bloomberg
The South African currency continued its three day rally on Monday as a strike at the nation's second largest coal miner came to an end and after Cyprus's agreement of a new bailout plan for the country's faltering economy boosted demand for more risky assets. The Rand appreciated 0.5% to 9.2572 per U.S. Dollar after it recorded a loss of 1.3% last week.

Back to articles

Actual Topics

Mon, 25 Mar 2013 14:35:06 GMT

China's Yuan hits it 19-year high as country's central bank raises interest rate

The Chinese currency advanced beyond a level of 6.21 per U.S. Dollar, its highest level in nineteen years, as the nation's central bank decided to raise its currency's reference rate and after a demand for emerging-market assets was boosted by new bailout agreement in Cyprus. The Yuan increased 0.02% to 6.2107 per U.S. Dollar after it touched a 19-year high

Mon, 25 Mar 2013 14:13:07 GMT

Treasuries drop second day in a row amid Cyprus agreement

U.S. Treasuries dropped for a second straight day after the Cypriot lawmakers agreed on a new bailout plan in order to avoid the nation's default curbing demand for U.S. assets. The U.S. benchmark 10-year yields recorded the highest level in a week, when it climbed by three basis points to 1.95% earlier on Monday in New York.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.