EMERGING MARKETS-South African rand rises for fifth day after inflation data

Most emerging market currencies were subdued as investors awaited the U.S. Federal Reserve chair's speech, while South Africa's rand rallied after inflation slowed and China stocks fell despite a share buyback rush.

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8/22/2023

Dollar eases before Jackson Hole, yen rises amid intervention jitters

The US dollar weakened slightly against major peers as traders awaited a speech from Federal Reserve Chair Jerome Powell, while the yen pulled away from a nine-month low and China's yuan briefly rose following attempts to bolster the currency.

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MORNING BID AMERICAS-World markets bounce at last

World markets experienced some relief as the bond squeeze eased, with investors eagerly awaiting signals from the Federal Reserve conference in Jackson Hole and hopeful for a resurgence of the early-year AI craze. President Xi Jinping's attendance at the BRICS summit in South Africa also provided some positivity for China's economy.

8/24/2023

S.African rand falls as dollar rises ahead of Fed symposium

The South African rand weakened by 1% against the US dollar on the last day of the BRICS summit, due to the strength of the dollar ahead of the Federal Reserve's Jackson Hole symposium, while most emerging market currencies were also affected by concerns over hawkish posturing by central bankers.

8/25/2023

South African rand pares losses before Powell speech

The South African rand strengthens against the dollar as market sentiment improves ahead of a speech by the U.S. Federal Reserve Chair, which could signal future interest rate hikes in the U.S.

8/29/2023

Selling Returns to Emerging Markets as China Rally Fades

Emerging markets were shaken by investor concerns over the US economy and the strengthening dollar, causing an equity rally led by China's stimulus plans to be short-lived.

9/7/2023

EM currencies face uphill battle as dollar's supremacy continues: Reuters poll

Emerging market currencies are expected to struggle to recover from their losses this year due to high U.S. Treasury yields, safe-haven demand, and a slowing Chinese economy, keeping the dollar strong, according to a Reuters poll of FX analysts.

9/12/2023

Rand Weakens Ahead of U.S. Inflation Data While Awaiting Domestic Drivers

The South African rand weakened against the dollar as markets await U.S. inflation data that could impact the Federal Reserve's interest rate decisions.

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Posted 8/23/2023, 9:22:58 AM

EMERGING MARKETS-South African rand rises for fifth day after inflation data

yahoo.com

Relevant topic timeline:

8/22/2023

Dollar eases before Jackson Hole, yen rises amid intervention jitters

8/22/2023

MORNING BID AMERICAS-World markets bounce at last

8/24/2023

S.African rand falls as dollar rises ahead of Fed symposium

8/25/2023

South African rand pares losses before Powell speech

The South African rand strengthens against the dollar as market sentiment improves ahead of a speech by the U.S. Federal Reserve Chair, which could signal future interest rate hikes in the U.S.

8/29/2023

Selling Returns to Emerging Markets as China Rally Fades

Emerging markets were shaken by investor concerns over the US economy and the strengthening dollar, causing an equity rally led by China's stimulus plans to be short-lived.

9/7/2023

EM currencies face uphill battle as dollar's supremacy continues: Reuters poll

9/12/2023

Rand Weakens Ahead of U.S. Inflation Data While Awaiting Domestic Drivers

The South African rand weakened against the dollar as markets await U.S. inflation data that could impact the Federal Reserve's interest rate decisions.