{"id":53609,"date":"2023-09-15T20:37:32","date_gmt":"2023-09-15T20:37:32","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again"},"modified":"2023-09-15T22:23:50","modified_gmt":"2023-09-15T22:23:50","slug":"dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again","title":{"rendered":"Dollar on track for ninth weekly gain, rand above R19\/$ again"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The US dollar was just below a six-month high on Friday, having strengthened overnight following US economic data.<\/p>\n

The rand weakened back to above R19\/$ for the first time since Monday. On Friday evening, it was trading at R19.05 – after reaching R18.76 on Thursday\/<\/p>\n

Markets were adjusting to a new outlook for central bank rate hikes after the European Central Bank on Thursday raised rates to a record high of 4% but signalled the hike was likely to be its last. Euro zone bond yields and the euro fell as investors bet the central bank would start cutting rates next year.<\/p>\n

For currency markets, the focus is on the divergence between the ECB and US Federal Reserve’s monetary policy plans, said Joel Kruger, a currency strategist at LMAX Group.<\/p>\n

“If we’re heading to a place where there’s going to be continued pressure on the Fed to be needing to be thinking about higher interest rates while the other central banks are pricing in peak rates, then that would suggest that there is potential for more upside to the U.S. dollar,” he said.<\/p>\n

On Friday evening, the US dollar index was down 0.1% on the day at 105.27, having eased from Thursday’s six-month peak of 105.43. Still, it was on track for its ninth weekly gain in a row.<\/p>\n

US retail sales increased by more than expected in August, as a surge in gasoline prices boosted receipts at service stations.<\/p>\n

The euro was up 0.2% at $1.06615, having recovered slightly from Thursday’s multi-month low of $1.0632.<\/p>\n

“We think that at this stage EUR\/USD will revert to being even more driven by the dollar leg,” ING FX strategist Francesco Pesole said in a client note.<\/p>\n

“Markets have taken on board the notion that the ECB has likely peaked, meaning that data releases in the euro zone should lose some degree of market relevance.”<\/p>\n

The Japanese yen fell to a new 10-month low, with the dollar hitting 147.94 per yen. The yen has weakened in recent months because the Bank of Japan remains a dovish outlier among global central banks.<\/p>\n

China’s yuan got a boost from economic data in early Asian trading, which showed industrial output and retail sales grew at a faster-than-expected rate in August.<\/p>\n

The dollar was down around 0.1% against the offshore yuan, with the pair at 7.2801.<\/p>\n

The yuan weakened on Thursday after the People’s Bank of China (PBOC) announced it would make its second 25-basis point cut to banks’ reserve requirement ratio this year, a move aimed at supporting a shaky economic recovery.<\/p>\n

Analysts said downward pressure on the yuan remained, as China’s economic recovery is far from certain.<\/p>\n

“I don\u2019t think there are any structural changes that have happened that are significant enough to suggest that we\u2019re going to see a major reversal. I feel it\u2019s more a bit of a pause,” said LMAX’s Kruger.<\/p>\n

The risk-sensitive Australian and New Zealand dollars also gained in early trading, with the Aussie up 0.2% at $0.6453 and the Kiwi steady at $0.59135.<\/p>\n

Commodity currencies have benefited from a rise in energy prices, with oil on track to gain for the third week in a row.<\/p>\n

Britain’s pound was up 0.1% at $1.2417.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The US dollar was just below a six-month high on Friday, having strengthened overnight following US economic data. The rand weakened back to above R19\/$ for the first time since Monday. On Friday evening, it was trading at R19.05 – after reaching R18.76 on Thursday\/ Markets were adjusting to a new outlook […]<\/p>\n","protected":false},"author":84,"featured_media":53608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,4016,1187,275],"class_list":["post-53609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-dollar","tag-rand","tag-south-africa-2"],"yoast_head":"\nDollar on track for ninth weekly gain, rand above R19\/$ again - South Africa<\/title>\n<meta name=\"description\" content=\"The US dollar was just below a six-month high on Friday, having strengthened overnight following US economic data. The ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar on track for ninth weekly gain, rand above R19\/$ again\" \/>\n<meta property=\"og:description\" content=\"The US dollar was just below a six-month high on Friday, having strengthened overnight following US economic data. The ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-15T20:37:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-15T22:23:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694800276.10051.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"539\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dollar on track for ninth weekly gain, rand above R19\/$ again\",\"datePublished\":\"2023-09-15T20:37:32+00:00\",\"dateModified\":\"2023-09-15T22:23:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again\"},\"wordCount\":557,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694800276.10051.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"dollar\",\"rand\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again\",\"name\":\"Dollar on track for ninth weekly gain, rand above R19\/$ again - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694800276.10051.jpg\",\"datePublished\":\"2023-09-15T20:37:32+00:00\",\"dateModified\":\"2023-09-15T22:23:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The US dollar was just below a six-month high on Friday, having strengthened overnight following US economic data. The ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694800276.10051.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694800276.10051.jpg\",\"width\":720,\"height\":539,\"caption\":\"Dollar on track for ninth weekly gain, rand above R19\/$ again\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dollar on track for ninth weekly gain, rand above R19\/$ again\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dollar on track for ninth weekly gain, rand above R19\/$ again - South Africa","description":"The US dollar was just below a six-month high on Friday, having strengthened overnight following US economic data. The ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again","og_locale":"en_US","og_type":"article","og_title":"Dollar on track for ninth weekly gain, rand above R19\/$ again","og_description":"The US dollar was just below a six-month high on Friday, having strengthened overnight following US economic data. The ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-09-15T20:37:32+00:00","article_modified_time":"2023-09-15T22:23:50+00:00","og_image":[{"width":720,"height":539,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694800276.10051.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Dollar on track for ninth weekly gain, rand above R19\/$ again","datePublished":"2023-09-15T20:37:32+00:00","dateModified":"2023-09-15T22:23:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again"},"wordCount":557,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694800276.10051.jpg","keywords":["Africa Press","Africa Press-South-Africa","dollar","rand","South-Africa"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again","name":"Dollar on track for ninth weekly gain, rand above R19\/$ again - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694800276.10051.jpg","datePublished":"2023-09-15T20:37:32+00:00","dateModified":"2023-09-15T22:23:50+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The US dollar was just below a six-month high on Friday, having strengthened overnight following US economic data. The ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694800276.10051.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694800276.10051.jpg","width":720,"height":539,"caption":"Dollar on track for ninth weekly gain, rand above R19\/$ again"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/dollar-on-track-for-ninth-weekly-gain-rand-above-r19-again#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"Dollar on track for ninth weekly gain, rand above R19\/$ again"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/53609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=53609"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/53609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/53608"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=53609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=53609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=53609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}