Reuters Africa Business

By Stephen Culp NEW YORK (Reuters) -U.S. stocks followed their European counterparts to a lower close on Wednesday and U.S. Treasury yields resumed their uphill climb as robust economic data chilled bets that the Federal Reserve could begin reducing its policy rate as early as March. All three major U.S. indexes finished the session lower, …

Wall St ends lower, Treasury yields gain as strong data cools rate-cut hopes Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index hit a fresh one-month high on Wednesday after U.S. retail sales data signaled economic strength, dimming expectations for imminent rate cuts from the Federal Reserve. Retail sales rose 0.6% last month after an unrevised 0.3% gain in November, the Commerce Department’s Census Bureau said. Economists polled …

Dollar hits new one-month high as data weighs on rate cut hopes Read More »

JOHANNESBURG (Reuters) -South Africa’s rand extended its losses against the U.S. dollar on Wednesday, as the greenback hit a one-month high due to lowered expectations that the Federal Reserve will cut interest rates in March. At 1512 GMT, the rand traded at 19.1050 against the dollar, about 0.8% weaker than its previous close, after losing …

South African rand extends losses against strong dollar Read More »

By Stephen Culp NEW YORK (Reuters) – U.S. stocks retreated on Tuesday while the dollar gathered strength amid warnings that markets might have gotten ahead of themselves with respect to the timing and extent of central bank policy cuts. A broad sell-off pulled all three major U.S. stock indexes lower while the greenback advanced and …

Wall St ends lower, dollar, US yields rise on shifting rate outlook Read More »

By Chuck Mikolajczak NEW YORK (Reuters) – The dollar jumped in a volatile session on Tuesday as investors dialed back expectations for a March rate cut from the U.S. Federal Reserve, fueled in part by comments by Board Governor Christopher Waller. Markets are pricing in a 66.9% chance of a rate cut of at least …

Dollar rallies to one-month high as Fed cut outlook dims Read More »

JOHANNESBURG (Reuters) -South Africa’s rand lost more than 1% against the dollar on Tuesday as investors tempered expectations for a March interest rate cut from the U.S. Federal Reserve and Red Sea attacks weighed on risk sentiment. At 1605 GMT the rand traded at 18.9625 against the U.S. dollar, about 1.5% weaker than its previous …

South African rand falls as dollar jumps on rate outlook Read More »