The rand is taking full advantage of the weaker dollar as it opens at 11.83/$ this morning.
Investors returned to buying emerging market currencies (as opposed to the USD) after Trump’s top economic advisor,
Continue reading…
The rand is taking full advantage of the weaker dollar as it opens at 11.83/$ this morning.
Investors returned to buying emerging market currencies (as opposed to the USD) after Trump’s top economic advisor,
Continue reading…
Enjoyed this post? Share it!
The rand opens at 11.83/$ after emerging market currencies recovered overnight thanks to dollar weakness. The greenback weakened after Pres. Trump’s plans to impose tariffs on steel/aluminium imports took a big blow, with Democrats and Republicans being opposed to the idea (meaning the plan probably won’t become policy and a global trade war less likely)…
Continue reading…
Enjoyed this post? Share it!
US Fed chair Jerome Powell’s hawkish (very positive) testimony yesterday has sent the greenback on a mini-rally.
The dollar gained more than 1% against the majors as Powell expressed optimism that the US economy remains strong.
Continue reading…
Enjoyed this post? Share it!
By all accounts President Ramaphosa’s first address to the nation was a roaring success.
All eyes now shift to the 2018 Budget Speech set for Wednesday at 14:00. The rand’s reaction to SONA was muted, with markets waiting to see Wednesday’s balancing act. National Treasury’s focus will be on how to confront the ballooning budget deficit and government debt, amongst many other issues (with the short term goal being to avoid yet another credit rating downgrade).
Continue reading…
Enjoyed this post? Share it!
The countdown has begun as Zuma’s days as President appear to be numbered with the ANC NEC meeting later today.
After the long wait and numerous speculation “Patience” is still key. USD/ZAR opens below 12/$ as EM Markets remain strong regardless of the volatility in global stock markets.
Continue reading…
Enjoyed this post? Share it!
The rand broke below 12/$ overnight as US stocks clawed back more than half their losses seen Monday.
The Zuma saga continues as today’s ANC NEC meeting along with the State of the Nation Address was postponed in order to give more time for talks between Zuma and Ramaphosa (Indicating Zuma may have one foot out “the shower” door!).
Continue reading…
Enjoyed this post? Share it!
The rand weakened overnight as a result of better than expect US Jobs numbers and wage growth released Friday, sparking fears of higher than expected US interest rate increases during 2018.
The US stock market lost 2.5% as investors cashed out to hold USD in anticipation of a Fed hike in March. The GBP/ZAR continues to flirt with the 17/£ level as a false break to 17.10/£ on Friday was given back on speculation over Zuma’s demise.
Continue reading…
Enjoyed this post? Share it!
I’m pleased to announce that David Marcus, Vice President of Messaging Products at Facebook, will be joining Coinbase’s Board of Directors. David brings first hand knowledge of building impactful, trusted mobile-first products at scale. His experience will add breadth and depth to the Coinbase board and will help the leadership team as the company focuses..
Continue reading…
Enjoyed this post? Share it!
We at Coinbase couldn’t be more excited by the explosion of interest in digital currencies. The last few weeks has seen an unprecedented increase in the price of digital currencies. More people are engaging with our platform than ever and that bodes well for the future of the digital currency. At the same time, it..
Continue reading…
Enjoyed this post? Share it!
At Blockchain we’re always looking for ways to make digital currency more accessible. It’s part of our commitment to creating an open, accessible, and fair financial future – and helping you, our users, Be Your Own Bank. Today, we’re excited to introduce Recurring Orders, a new feature that gives our European users greater purchasing power..
Continue reading…
Enjoyed this post? Share it!
Powered by Jislaaik.com and SAFFA