The rand was weaker on Monday, as the dollar staged a slight recovery, after eight weeks of being on the back foot. Analysts say the European Central Bank (ECB) officials’ failure to sound hawkish in reference to the euro’s strength last week was behind the greenback’s post-Davos buoyancy. Oanda senior markets analyst Craig Erlam talks to Business Day TV about what has been happening in the forex markets both locally and internationally.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.