At the beginning of this week, currencies are trading at a reduced rank. While the euro stabilizes against the dollar, the South Rand -African has weakened. Investors are waiting for a decision from the central bank on monetary policy later in the week.

Like on Friday evening, the euro traded at 1.0760 dollars, around 09:15 GMT (11:15 CET). According to analysts at Sucden, “the euro opened a bit higher but failed to gain momentum, caution in the face of financial risks prevails.” For his part, Patrick Munnelly, an analyst at TickMill believes that in addition to the banking sector, this week, “investors will again focus on inflation data.”

For its part, the rand traded at 18.2050 at 0635 GMT against the dollar, 0.26% weaker than its previous close. ETM Analytics announced in a research note that “the volatility of the rand remains on the agenda, although the local unit did a bit better last week, at least against the dollar.”