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South Africa's rand strengthened on Monday as the U.S. dollar weakened, ahead of a slew of local economic data in the coming days that could give clues on the health of the economy. "The rand ...
The U.S. dollar index, which measures the greenback against a basket of currencies, was up 0.255% at 109.88, not far off its two-decade peak of 110.79. ... South Africa's rand weakened in early ...
South Africa's rand weakened on Thursday, as the U.S. dollar held near recent peaks after traders continued to bet that the U.S. Federal Reserve will be aggressive next week in its battle to curb ...
In the foreign exchange market, commodity currencies generally refer to the New Zealand dollar, Norwegian krone, South African rand, Brazilian real, Russian ruble and the Chilean peso. [ citation needed ] Commodity currencies' nature can allow foreign exchange traders to more accurately gauge a currency's value, and predict movements within ...
The Consensus forecast for euro-area producer price inflation significantly outperforms the naïve forecast in the short-term. Finally, the Consensus forecast for the USD/EUR exchange rate during the period from 2002 to 2009 is more precise than the naïve forecast and the forecast implied by the forward rate." [12]
Delphi is applicable in situations where the bets involved might affect the value of the currency used in bets (e.g. a bet on the collapse of the dollar made in dollars might have distorted odds). More recent research has also focused on combining both, the Delphi technique and prediction markets.
The South African rand, the Hungarian forint and the Polish zloty all rallied more than 1% against the dollar, with investors awaiting U.S. consumer prices data on Tuesday that might give the ...
In a floating exchange rate system, a currency's value goes up (or down) if the demand for it goes up more (or less) than the supply does. In the short run this can happen unpredictably for a variety of reasons, including the balance of trade, speculation, or other factors in the international capital market.