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South African Rand Extends Rally As Goldman Warns EM Currency May Have Peaked

The South African rand is extending its rally midweek, despite analysts warning that the emerging market currency may have already peaked. The rand recently touched its best level in nearly three months due to investors’ risk appetite increasing amid greater certainty, reopening economies, and accommodative monetary policy. Has the rand peaked, or does it still have room to rally?

Euro Declines on Negative Market Sentiment, Rallies on Weak US Dollar

The euro today initially fell drastically in the Asian session as concerns regarding the risk of emerging markets contagion triggered a selloff in riskier currencies including the euro. However, the single currency mounted a recovery from the early European session as market fears dissipated and the US dollar retreated from previous highs.

Euro Trades at 13-Month Lows on High Market Volatility

The euro today traded at 13-month lows as it was driven lower by market volatility in emerging markets led by Turkey resulting in a strong US dollar. The EUR/USD currency pair traded lower due to the selloff in emerging market currencies, which increased the demand for the greenback at the expense of its peers including the euro.

Turkish Lira Rattles Global Financial Markets As Currency Crashes 20%

The Turkish lira cratered more than 20% on Friday after the US government announced it was doubling its tariffs on the country’s steel and aluminum exports. The collapse in the lira sent shockwaves throughout global financial markets, prompting the European Central Bank (ECB) to warn major European banks about being exposed to the Turkish economy.

US Dollar Heads Lower After Earlier Surge

US dollar is heading lower again following an earlier surge in value relative to its major counterparts. Earlier, the greenback saw gains, especially against emerging market currencies. Now the dollar is pulling back a bit, especially against its major counterparts.

US Dollar Drops – Even With Pro-Dollar Happenings Today

US dollar is heading lower today, even with a few pro-dollar happenings earlier. With emerging markets crashing, and with tapering rumors continuing, the US dollar should be getting a little bit of a boost today. However, it’s not, because there is a little more uncertainty on the horizon than many Forex traders are comfortable with.

US Dollar Index Drops on Prospect of Continued Easing

Between the prospect of continued easing in the United States, and the bond yield shock this morning, the US dollar is struggling today. The dollar index is lower as the greenback loses ground to its major counterparts.

Canadian Dollar Rises on Interest Rate Speculation

Canadian dollar is getting a boost today, rising as Forex traders await the next interest rate announcement from the Bank of Canada.

US Dollar Heads Lower on Returning Risk Appetite

Forex traders and investors are seeking alpha right now, and that means that the US dollar is headed lower. With risk appetite making an appearance, high beta currencies are preferred to the greenback right now.

Polish Zloty Hits 2010 Record High Versus Weakened Euro

The Polish currency started another week gaining versus the euro as the economic recovery in the country and in other regions around the world, specially in North America, is making traders to bet in the zloty regionally, considering the Eurozone current crisis.

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