It's likely to be another difficult year for the rand. As the yield gap narrows, that will make it more difficult for South Africa to attract the investment it needs.
More Quotes from Carsten Fritsch:
We would need a very bad trade number to hurt the dollar against the euro, given positive dollar sentiment at the moment.Carsten Fritsch
It's the continuation of unwinding of yen short positions following further comments from Japanese officials. This time it was the government official, which suggested the government may agree with the BOJ to change policy.
Carsten Fritsch
People are unwinding short yen positions ahead of the BOJ meeting. Some market participants are speculating on what kind of the language and economic assessment would come out of the meeting.
Carsten Fritsch
After the trade deficit data in 9 out of 11 occasions the dollar went up. We need extremely bad numbers to put pressure on the dollar.
Carsten Fritsch
The move in the yen has spilled over on the perception the dollar will continue to gain as the Fed keeps raising rates.
Carsten Fritsch
There was an upgrade in the economic assessment by the BOJ and comments from governor Fukui. From that point of view an end to the zero interest rate policy is coming closer.
Carsten Fritsch
Readers Who Like This Quotation Also Like:
Based on Topics: Investment QuotesBased on Keywords: narrows
If somebody has a better idea than me, I'll take it if it surpasses what we have on the page because at the end of the day, it's me that takes the credit anyway!
Guy Ritchie
Unlike then, the mail stream of today has diminished by such things as e-mails and faxes and cell phones and text messages, largely electronic means of communication that replace mail.
John M. McHugh
It is my greatest joy to live a really good part, even though it imposes great strain. An artist is tired but proud when he has created a great work of art. So it is with the actor who really lives a great role and is proud of the part he played.
Conrad Veidt