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South Africa’s rand slips

South Africa’s rand dipped Monday from its highest levels since 5th September, despite the US Federal Reserve’s decision to delay raising interest rates

By Richard Nehme | Sept. 22, 2015 10:19 BST
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EUR/USD erased most of its gains from last week opening at 1.1318 before falling to a day low of 1.1191 as traders reasserted their dollar bull positions during the course of the day. The USD was kept afloat by a renewed hope within the market of a potential rate hike still to occur this year. FOMC member Lockhart stated yesterday he will be voting for a hike in the next meeting on the back of gains in the labour market. Markets will now turn their focus to Yellen speaking on Thursday evening, where "clarity" will be the focus of the market [...]

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