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  • Unemployment figures weigh heavy on the Rand

    May 15, 2013

    The Rand was softer in trade on Monday, volumes were light as the UK was on holiday. Data released on Monday showed that South Africa's unemployment rate rose to 25.2% of the labour force in the first quarter of 2013 compared with 24.9% in the final quarter of last year.

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    Ruth Laatz-Reineke | 

    1st Contact Forex | 

  • Interest rate cuts hurt the Aussie

    May 15, 2013

    The Australian Dollar began trading at around 1.5174 to the British Pound last Monday and around 0.9744 against the US Dollar. The Aussie Weakened against both currencies to end the week at 1.5219 to the Pound and 0.9821 to Dollar. The Aussie continued this trend over the weekend to open at 1.5347 to the Pound and 0.9989 to the US Dollar.

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    Dylan Goate | 

    1st Contact Forex | 

  • AUD lower due to economic data from China and low domestic inflation

    May 02, 2013

    The AUD started trading at 0.675 against the GBP and at 1.028 against the USD on Monday, 22 April.

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    Jaco Herselman | 

    1st Contact Forex |