Currency Review Podcast for 25 March - 1st Contact Forex



Transcript: Last week the Rand traded at one of its lowest levels against the US Dollar. Reserve Bank head Janet Yellen indicated the possibility of an interest rate hike 6 months earlier than expected resulting in pressure on emerging markets. Since then the Rand has remained steady against the Dollar with weak manufacturing data in China giving some relief. However, a significant Rand recovery is with continuing concerns about economic growth in China. South Africa is still struggling with the potential labour strikes and political uncertainty. These factors have been a driving force in pushing up inflation. Later this week investors will be watching closely as the South African Reserve bank will be announcing its second monetary policy decision for the year. Important Global data to look out for this week includes the GBP Consumer Price Index as well as Retail Sales data in Japan. That's all for today, join us next week for more analysis, or follow @1stContact_FX on twitter for daily updates.

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    Duration: 1m 31s

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