Rand falls as global growth concern dims export outlook

Source: Bloomberg
The South Africa's Rand fell to the lowest level since the start of August as data from Japan, South Korea and Germany escalated concerns the global economy is weakening, dimming outlook for South Africa's exports. The Rand lost 0.9% to 8.4831 per U.S. Dollar, the lowest level since July. This month the currency lost 2.3%, the worst performance among 16 most-traded currencies. 
Back to articles

Actual Topics

Fri, 31 Aug 2012 06:54:15 GMT

Australia private sector credit rises in July

Australia's private sector credit expanded 0.2% on month in July, compared to a 0.3% increase in preceding month and below analysts' estimate of 0.4% growth. On year-on-year basis, it rose 4.2%, after surging 4.4% in June, the same 4.4% rise was forecast for August. AUD/USD was not affected by the data, trading at 1.0292/97, session high.

Fri, 31 Aug 2012 09:04:14 GMT

Asian stocks fall as reports escalate global growth concern

Asian stocks dropped, as investors await the Fed Chairman Ben Bernanke's speech and as data indicated lower industrial production in Japan and South Korea amid global slowdown. The MSCI Asia Pacific Index fell 0.4% to 117.87. Japan's Nikkei 225 Stock Average slipped 1%, while South Korea's Kospi Index rose 0.1%. Hong Kong's Hang Seng Index dropped 0.3% and Australia's S&P/ASX

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.