Currency Market Review: South African Rand Falls Amid Fears of Credit Rating Downgrade

Summary: South African Rand (ZAR) falls with the build-up to Moody’s credit review. British Pound Surges with the pairs: GBP/NZD +1.82%, GBP/EUR +1.29% and the GBP/CAD +1.31%. Investors still seem to appear optimistic in terms of the future viability of the Pound and continue to invest in it. South African Rand Falls South African Rand […]

Weekly Currency Review: Turkish Lira Surges

Turkish Lira Rises After Change In The Inflation Forecasts The Central Bank of Turkey modified its inflation forecast for 2019, reducing it from 15.2% to 14.6%. There is a hope to achieve 8.2% target inflation by 2020. Murat Cetinkaya, governor of the Central Bank, vowed to keep tight monetary policy stance until there is a […]