Inter Africa Bureau De Change was licensed by the South African Reserve Bank to operate as an Authorised Dealer in Foreign Currency with Limited Authority (ADLA) in September 1999. Our first branch opened in that same year at the Kopfontein Border Post between South Africa and Botswana.
Oil prices have dipped, pulling back further from the psychological $50 level as traders took profit and expectations of tighter global supply receded.
Asia stocks have tilted slightly upwards but remained cautious ahead of a speech from the US central bank head and after a weak lead from Wall Street as oil pulled back.
World stock markets have risen on optimism over $50 oil and Greece's debt deal, while traders eyed the G7 summit's opening in Japan.
Oil prices have jumped above $50 for the first time this year as a long-lasting global supply glut shows increased signs of easing.
The JSE's All-share and Top 40 indices have strengthened further, supported by another resilient performance by Wall Street and higher European markets.
European stocks have edged lower as investors weighed back-to-back gains that pushed equities to their highest level in almost a month.
The rand has steadied against the dollar supported by investor appetite for riskier assets that was nonethless tempered by the possibility of a US rate hike.
Gold has snapped six days of losses to rebound from the lowest level in seven weeks as a rally in the dollar paused.
A gauge of the dollar has pared its best monthly performance since January 2015 as traders weighed the timing of Federal Reserve policy tightening.
Asia stocks have taken a breather after the previous session's rally, but energy firms were mostly up after oil surged past $50 a barrel for the first time this year.
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Parkview Lifestyle Centre
c/o Garsfontein & Netcare Roads
Tel: +27 (0) 12 993 0021
Fax: +27 (0) 12 998 9009
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