South African Rand Extends Losses on Weak China Data

Rand down more than 5 in August Weaker Chinese data drives riskoff sentiment Minibus taxi strike also weighs on sentiment JOHANNESBURG, Aug 8 Reuters South Africa39;s rand slipped again on Tuesday as weak economic data from China contributed to the riskoff sentiment. At 0915 GMT, the rand traded at 18.8000 against the dollar , down […]
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Sterling Eases as UK Consumer Spending Slows

LONDON, Aug 8 Reuters The pound fell on Tuesday, but held above last week39;s onemonth lows, after a survey showed British retailers logged their slowest sales growth in 11 months in July, thanks to rainy weather and high inflation. The British Retail Consortium BRC said retail sales values rose by 1.5 compared with July last year, less […]
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USD Gains Ground; AUD, CNY Slip after Weak China Trade Data

LONDON, Aug 8 Reuters The U.S. dollar turned higher on Tuesday after another disappointing set of Chinese trade figures hurt the yuan, the Aussie and kiwi, while the yen also eased after Japanese real wages declined for a 15th straight month. China39;s imports and exports fell much faster than expected in July, data on Tuesday showed, with […]
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