Greenback strengthens as US 10 year treasury yield fell

24 April 2018 / JSE Market Updates Posted by: Odwa Magwentshu

On Monday the Rand weakened against major currencies but noticeably against the US Dollar. This is on the back of the US 10-year treasury yield reached the highest since January 2014 after it fell one basis point. Precious metals prices came off with Gold slipping by 0.9% $1326.47 an ounce. Should the Rand continue to weaken, the Rand-hedges and financials will be on the cards for trading.

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