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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.
Australian Dollar May Rise After FOMC Minutes Sink the US Dollar and Boost S&P 500
#AUD #FOMC #USD $AUDUSD #SP500
USD/JPY is lower in recent days, tracking the pull-back in U.S. Treasury rates. Weakening U.S. economic data and rising recession fears may undermine the U.S. dollar against the Japanese yen in the coming days and weeks. https://www.dailyfx.com/forex/fundamental/article/fundamentals_vs_technicals/2022/05/25/Japanese-Yen-Forecast-USDJPY-at-Risk-of-Pullback-on-Mounting-US-Recession-Fears.html
Forex Update: As of 20:00, 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/JSXiHivY5M
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