| USD
The dollar posted additional gains in Friday’s session as investors remained guarded and took a wait-and-see stance for further signals on the hostile Russian-Ukrainian frictions. The dollar index had a subtle start to the session but rapidly dashed past the 96.00 mark in the latter parts of the day, buoyed further by risk-on environment. The dollar index ended the week at 96.043 after touching a low of 95.729 on the day. EUR The single currency continued to sell off for yet another day with the dollar remaining better bid across the board. Increasing safe-haven demand saw the single currency tracking on the back foot throughout the session. As heads of state in the Russian-Ukrainian crisis are set to meet, to find some common ground, the euro still remains susceptible to changes in the investor’s risk palate. The common currency dipped to a low of $1.1313 before ending the session at $1.1321. GBP After opening at $1.3612, the cable gained positive traction in its earlier activities and remained steadfast and was relentless in its fight against dollar dominance in Friday’s session, although came under pressure at the start of the American session. Finding little to no support from YoY Retail Sales data print of 9.1%, the cable finally surrendered to the sturdy dollar and ended the session at $1.3590 after rising to $1.3642. ZAR The South African Rand ran out of bull’s steam in Friday’s late session. It was seen giving up some of its gains from earlier in the week to consolidate to the downside. This is attributable to ongoing concerns surrounding geopolitical tensions between Russia and Ukraine, which saw investors running into safety with risk appetite disappearing into thin air. The local unit closed the week weaker at R15.1225/$ and reached a high of R15.1750/$. In the way of data today, nothing notable on the local front with muted activity on the international front other than the Germany and U.K manufacturing data. The rand is most likely to remain vulnerable should the geopolitical tensions continue to waver the market. Expected ranges for the day:
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