Friday, June 19, 2020

Good Trade News but Unsettling Covid Developments

Share prices got a boost from an overnight report that China will step up purchases of U.S. agricultural goods. This comes after Thursday’s revelation in the Bolton tell-all book that Trump had solicited a boost in Chinese purchases to voter reelection support from the mid-west. Several populous U.S. states like California, Florida, and Texas continue […]

* This article was originally published here

Bank of Russia Interest Rate Reduced Full Percentage Point

The Central Bank of Russia lowered its one-week repo rate by a full percentage point to a record low of 4.5%, bringing the net drop this year to 175 basis points. The rate earlier was cut 25 bps in February and by 50 bps in April. More monetary relief is moreover still in play according […]

* This article was originally published here

GBP to ZAR Exchange Rate Struggles to Hold Ground as UK Outlook Remains Gloomy

Despite various factors weighing on the Pound outlook, the British Pound to South African Rand (GBP/ZAR) exchange rate has been trending higher this week. The South African Rand is being hit hard by markets looking for safer investments, as fears of a ‘second wave’ of coronavirus infections worsen. Looking ahead to next week, key data...

* This article was originally published here