Last weeks surprise 4.34% spike on USD/ZAR has since been consolidating after South Africa locks in initial COVID-19 vaccines. Is the Dollar rally over or will the Rand bounce back?
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Last weeks surprise 4.34% spike on USD/ZAR has since been consolidating after South Africa locks in initial COVID-19 vaccines. Is the Dollar rally over or will the Rand bounce back?
from DailyFX – Market News https://bit.ly/3i2pOcl
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US Dollar correction persists, GBP falls to daily lows, US equity futures softer and gold bounces off short-term support.
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US Treasury yields continue to push higher, giving the US dollar a slightly better bid against the Euro.
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FTSE 100 off to a strong start to 2021, reduced political headwinds and reflationary exposed sectors may see index outperform.
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The cryptocurrency market fell sharply over the weekend with most of the main coins showing heavy double-digit losses.
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