The Rand kicked off 2022 with gusto but a positive dollar outlook could weigh heavily on the EM currency. USD/ZAR trades below 16.00 with fundamentals backing further upside.
Geopolitical risks in Asia, Europe and North America will likely amplify market volatility stirred by the prospect of higher interest rates and the lingering effects of COVID-19.
The Canadian Dollar soared alongside crude oil prices on Thursday. USD/CAD and WTI are turning their attention to US non-farm payrolls and Canadian jobs data next.
The New Zealand Dollar fell sharply overnight as traders priced in a more aggressive US rate hike outlook. Meanwhile, the Chinese Yuan fell to its weakest level since November versus…