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South African Rand Jun '15 (T6M15)

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South African Rand Prices for [[ item.sessionDateDisplayLong ]]
Find the latest South African Rand prices and South African Rand futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Mon, May 6th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our South African Rand Historical Prices page.

South African Rand Futures Market News and Commentary

Dollar Recovers on Hawkish Fed Comments

The dollar index (DXY00) on Monday rose by +0.03%.  The dollar on Monday recovered from early losses and posted modest gains after hawkish Fed comments sparked short covering in the dollar. New York Fed President Williams and Richmond Fed President Barkin said they needed to gain confidence that inflation was moving lower before cutting interest rates. 

The dollar on Monday initially moved lower on some negative carryover from last Friday’s weaker-than-expected US payroll and ISM services reports, which bolstered expectations that the Fed will cut interest rates this year.  Monday’s rally in stocks has also reduced liquidity demand for the dollar.

New York Fed President Williams said the Fed will eventually cut interest rates, but policymakers need to see more evidence things are "moving in the direction we want to see on inflation." 

Richmond Fed President Barkin said the strength of the US labor market offers the Fed time to gain confidence that inflation is movi... Read more

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