Rand Exchange Rate Trending at 11-Week Low vs GBP, USD and the EUR on Credit Rating Expectations. Expectations that top ratings agency Fitch would downgrade South Africa’s credit rating placed the Rand exchange rate under heavy pressure on Friday, despite some analysts asserting that the institution is more likely to affirm the nation’s BBB sovereign credit rating and negative outlook. According to one industry expert; ‘While ...
The EUR/USD soared for several days adding almost 300 points to trade above the 1.13 level to reverse course Friday and fall 125 points to end the week at 1.1114. The euro had to deal with the Greek situation which is now hitting its pinnacle as Greece did not make the June 5th payment and asked the IMF to combine all the June payments to pay at the end of the month. The ECB supported the currency and Mario Draghi sent the euro soaring at his monthly ...
Technical Developments to Watch: EUR/USD still below key trend line resistance at 1.1380 GBP/USD testing key support at 1.5190 USD/JPY at a 13-year high, bias bullish above 124.15 NZD/USD in play, potential for another leg lower if RBNZ cuts rates EURUSD exploded higher early last week before but gave back most of its gains on Thur. & Fri. MACD and Slow Stochastics show balanced, ...
"USD: EM and G10 Divergence. Bullish. We remain USD bulls but recognize that USD could see some correction against EUR in the near term as European yields head higher on the back of reflationary signs. This could spill over to mild weakness against other G10, but we remain bullish against EM. Higher volatility will reduce the attraction of EM carry, particularly as core yields rise across the board, narrowing interest rate differentials. In the medium term, we still expect USD to be ...
PepsiCo’s CEO Indra Nooyi was right. Now what? An audacious strategy shift beyond unhealthy snacks and drinks was prescient, but the challenges are still daunting. (Fortune)The Science of Scarcity: A behavioral economist’s fresh perspectives on poverty (Harvard Magazine)Pharma Execs Don’t Know Why Anyone Is Upset by a $94,500 Miracle Cure (Bloomberg)After Water (Longreads) see also California Has No Idea How Much Water It Has Left. NASA Can ...
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