At the beginning of the week, we saw the Yen strengthen against the dollar as the market was digesting fears of the new Omicron Covid variant - which sent shockwaves through the markets on Friday of last week (26/11). Read more.
Tags : federal reserve
Zoom reported better-than-expected quarterly profit on Monday, but warned investors that revenue growth at the video chat company will slow as the pandemic comes to an end. Read more.
Gold (XAU/USD) hit a 2 week low on Friday and on Monday trading the price stabilised however it was struggling to gain significant upward momentum. The precious metal was trading at levels around $1845 at the time of writing (12:00 pm). Read more.
The markets were positive yesterday for the first time in the last 2 weeks in the lead-up to tomorrows FOMC announcement, US indices recovered but still has a fair amount of ground to make up to get back to this month’s open. Read more.
The rand ended the day 0.09 percent stronger to trade at R14.97/$ as investors turned to the US dollar due to an improving American economic outlook.