Moving away from the Pound in the late 50's to early 60's, the Rand was established and is the current legal tender for South Africa, Swaziland, Lesotho and Namibia. The Rand has had its fair share of volatility with the currency depreciating massively following the apartheid era sanctions. The currency looks to benefit when investors are willing to take on more risk in developing countries. Any pullback in risk from global markets pushes the Rand significantly lower as seen during the financial crisis of 2008.
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Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule:
View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GYMKPbC8bS
Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule:
US 500: -0.33%
Wall Street: -0.49%
Germany 30: -0.76%
France 40: -0.82%
View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MC6Ki0rn7u
#Gold is likely to re-test recent highs between $1,515/oz. and $1,528/oz ahead of the Fed but is unlikely to break higher until Fed chair Powell has spoken. Where is $gld heading? Get your technical analysis from @nickcawley1 here: https://t.co/dzVNKutycP https://t.co/DAb1lJIgnp
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