Euro Hangs In, Rand Takes a Hit

PUBLISHED: Fri, 05 Oct 2012 12:01:52 GMT

Kelley Holland

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. []

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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