GT247.com Trading Blog

Progress towards North Korea and US summit

Written by Odwa Magwentshu | 31 May 2018

The US markets rallied yesterday as senior members of the two countries are taking the necessary steps for the summit to happen next month. As the geopolitical tensions ease and the Dollar index remaining steady, we had the Rand show some strength. Emerging market currencies rallied after Bank Indonesia raised the benchmark interest rate for a second time in less than two weeks on Wednesday and flagged more increases to counter a selloff in nation’s currency and bonds.