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Suffers

USD/CAD Slides as the Dollar Index Suffers Worst Day of Losses in 2022

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Key Points: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/CAD FUNDAMENTAL OUTLOOK The Canadian Dollar rallied yesterday breaking below the stubborn 1.35 level and gaining 200 odd pips against the greenback. The pair had shown signs of a potential breakout …

USD/CAD Slides as the Dollar Index Suffers Worst Day of Losses in 2022 Read More »

ZAR Suffers at the Hands of Global Risk Sentiment & Weak Chinese Data

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RAND TALKING POINTS Stronger USD and slump in commodities weighs on ZAR. Rand indifferent after South African manufacturing PMI beat. USD/ZAR bulls now eye 2022 highs. USD/ZAR FUNDAMENTAL BACKDROP The South African randis suffering at the hands of declining global risk sentiment on the back of a hawkish Federal Reserve. Yesterday we saw the Fed’s …

ZAR Suffers at the Hands of Global Risk Sentiment & Weak Chinese Data Read More »

ZAR Suffers as Markets Shy Away From EM’s

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RAND TALKING POINTS Rand subject to global factors. Commodity prices helping ZAR upside. Charts show USD/ZAR consolidating…waiting for stimulus. USD/ZAR FUNDAMENTAL BACKDROP The South African rand has been weakening this week after last week’s risk on sentiment propelled the Emerging Market (EM) currency against the USD, GBP and EUR respectively. Rand-linked commodity exports also remained …

ZAR Suffers as Markets Shy Away From EM’s Read More »

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