“Dollar-Rand Pair Predicted to Plunge in Coming Months: CIBC Reveals Exciting Forecast!”
According to analysts at CIBC, the recent issues surrounding banks, combined with high ZAR nominal yields, have led investors to abandon their assets for the safety and liquidity of the USD. This has resulted in a capital flight, with speculative investors extending ZAR shorts to all-time extremes in the wake of a record weekly ZAR […]
Canadian Job Surge Surpasses Expectations: BoC to Maintain Rates Amid Uncertainties and Global Economic Developments
On Thursday, data revealed that the Canadian economy added 35,000 jobs in March, exceeding expectations. However, despite the robust numbers, the Bank of Canada (BoC) is anticipated to maintain rates unchanged in the coming week. According to analysts at CIBC, the BoC will remain on hold for the remainder of the year before permitting rate […]