The USD/ZAR exchange rate will be in the spotlight this week as investors react to a recent court ruling that raised impeachment risks for President Cyril Ramaphosa. It was trading at 16.43, down from the April high of 16.91 and the year-to-date high of 17.2470. Cyril Ramaphosa’s impeachment risks rise The South African rand has
The USD/MXN exchange rate has come under pressure in the past few months as top emerging market currencies continued to beat the US dollar. It dropped to 17.30 on Friday, down from the year-to-date high of 18.14 as focus shifted to the US non-farm payrolls data and May 7th’s Mexico interest rates decision. US non-farm
Sterling edged higher against the dollar on Thursday as investors reacted to developments surrounding the Iran conflict, while also monitoring British local elections that could increase political pressure on Prime Minister Keir Starmer. The pound was last up 0.2% against the dollar at $1.3621, adding to Wednesday’s 0.4% rise. Traders responded to reports suggesting the
The British pound strengthened against the dollar on Wednesday after investors reacted positively to reports suggesting the United States and Iran were moving closer to a deal aimed at ending the war. Sterling rose 0.6% to $1.3621, trading near its highest level since February. Against the euro, the pound remained largely unchanged, leaving the single
The British pound remained broadly stable on Tuesday, as traders turned their attention to the upcoming UK local elections and escalating tensions between the United States and Iran in the Strait of Hormuz. Sterling was little changed at $1.3539 and edged slightly higher against the euro, trading at 86.31 pence. Market participants appeared cautious, balancing
The Japanese yen was largely unchanged on Monday morning as investors reacted to last week’s intervention by the Bank of Japan (BoJ). The USD/JPY exchange rate was trading at 158 on Monday, down from last week’s high of 160. Bank of Japan intervention The USD/JPY exchange rate is in the spotlight this week as investors
The British pound held close to a 10-week high against the US dollar on Friday. Traders assessed a week dominated by central bank decisions. The Bank of England (BoE) kept interest rates unchanged. It also warned about inflation risks linked to the Iran war. Sterling was little changed at $1.3606. It was slightly weaker against
The British pound slipped against the US dollar on Wednesday as a stalemate in peace talks aimed at ending the Iran war weighed on investor sentiment, while caution ahead of key central bank decisions further limited risk appetite. Sterling was last down 0.15% at $1.3499, while it was largely unchanged against the euro at 86.65
Sterling edged lower against a stronger US dollar on Tuesday, as investors turned their focus to upcoming central bank decisions and ongoing geopolitical uncertainty linked to the Iran war. The British pound was last down 0.3% against the dollar, trading at $1.3488. It was little changed against the euro at 86.55 pence. Market participants remained
Sterling inched higher against the US dollar on Monday as investors tracked geopolitical developments and awaited the upcoming Bank of England policy meeting later this week. The pound gained 0.08% to trade at $1.3544 against the dollar. However, it weakened slightly against the euro, falling 0.1% to 86.70 pence. Market sentiment remained influenced by uncertainty