XE Market Analysis: South African Rand Slides

OVERVIEW The Eurozone economy continues to see solid levels of growth, though activity slowed slightly in the services sector with June’s PMI dipping to 55.4, from 56.3. Eurozone retail sales rose 0.4% in May, stronger than forecast, adding to the year-on-year growth of 2.6%. The UK service sector slowed more than expected last month as optimism wanes. U.S. factory orders fell more than expected in May. North Korea’s missile test has put investors on edge, prompting a sell-off in risk-sensitive currencies and oil. 

Source: XE news feed
XE Market Analysis: South African Rand Slides