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South African rand edges higher as retail sales rise

UPDATE 1-South African rand edges higher as retail sales rise Updates prices to reflect afternoon trade JOHANNESBURG, Oct 16 (Reuters) - South Africa's rand held onto its gains on Wednesday, as domestic retail sales rose in August, indicating an improvement in consumer sentiment. At 1522 GMT, the rand traded at 17.6375 against the U.S. dollar ZAR=D3 , 0.1% firmer than its previous close.
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EM stocks down with chips leading declines, FX muted

EMERGING MARKETS-EM stocks down with chips leading declines, FX muted Fitch upgrades Barbados to 'B+' ECB rate decision on Thursday EM stocks down 0.6%, FX flat By Shashwat Chauhan Oct 16 (Reuters) - A gauge of emerging market stocks dipped on Wednesday as chips-heavy markets in Taiwan and South Korea slipped following a dour earnings update from Dutch firm ASML, while most currencies remained in limbo.
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These FX options are becoming 'the Trump trade'

BUZZ-COMMENT-These FX options are becoming 'the Trump trade' Oct 16 (Reuters) - U.S. Republican presidential candidate Donald Trump has regained his poll lead over Democratic rival Kamala Harris with only three weeks to go before the U.S. election and it's fuelling demand for options to hedge the risk of a stronger USD rebound. USD call options give holders the right to buy the USD at levels that are advantageous to the FX spot rate, for an upfront premium.
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South African rand firms as August retail sales data on tap

South African rand firms as August retail sales data on tap JOHANNESBURG, Oct 16 (Reuters) - South Africa's rand gained in early trade on Wednesday, ahead of domestic retail sales data that could provide some early hints on the growth prospects of Africa's most industrialised economy, analysts said. At 0652 GMT, the rand traded at 17.5950 against the U.S.
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African Markets - Factors to watch on Oct 16

African Markets - Factors to watch on Oct 16 NAIROBI, Oct 16 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - EVENTS: *ETHIOPIA - State-owned Ethio Telecom holds a news conference on the planned share sale of a 10% stake on the country's new bourse.
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