Source: Euro Hangs In, Rand Takes a Hit
A jobs report looms and South African unrest weighs on the rand – it’s time for your FX Fix.
With leading indicators suggesting the nonfarm payroll report may disappoint, the dollar and yen were poised to rise on demand for safe havens. [dailyfx.com]
The euro hovered near a two-week high after the European Central Bank assured investors it was ready to buy bonds to tackle the debt crisis. [CNBC]
After the Bank of Japan left interest rates unchanged, as expected, the yen briefly edged higher. [Reuters]
South Africa’s rand plunged two percent amid labor unrest. [CNBC]
With the U.S. nonfarm payroll report looming, the Australian dollar nudged lower. [WSJ]
The euro zone economy contracted more rapidly in the second quarter than expected. [WSJ]
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