Just like Groundhog day (without the nostalgia), it’s unfortunately more of the same for the local unit and economy.
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Rand’s downward spiral continues on SA recession
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The trade talks set to spark rand volatility
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The rand has held its ground over the past 24hrs, but markets are expected to react as we draw closer to the highly anticipated two-day US-China bilateral trade talks.
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Rand volatility set to continue
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The rand followed in the footsteps of emerging market currencies and global equities to end last week in the green.
The local unit opened the week slightly on the back foot as risk aversion lingered. This week the rand will be in ………
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Rain-check for rand losses?
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The rand strengthened 2% against the USD in early morning trade, as markets digest their exposure to the Turkish crisis.
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Rand creeps lower vs. EUR, USD and GBP
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While there’s been plenty of World Cup drama this week (mostly focused on VAR controversy) the rand has been having a less exciting few days.
But while ZAR hasn’t experienced a significant shift since the weekend, it has still edged lower against the US dollar, euro and pound.
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Rand recovers from worst levels
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As we all unwound on Friday in readiness for the weekend, the rand staged a last minute recovery against the US dollar, euro and pound.
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ZAR extends losses against the US dollar
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The past few months certainly haven’t been kind to the rand, with the emerging-market currency tumbling 13.6% against the US dollar so far this quarter.
But it appears that the South African Reserve Bank (SARB) won’t be taking any sudden action to bolster the currency.
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The markets troughs another tantrum
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The rand lost 2% against the USD yesterday, as markets had another ‘taper tantrum’.
March US retail sales were revised upwards to 0.8% (Month on month), raising fears that the US Fed may indeed …….
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Are things ‘back on the bus’ now with Trump?
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It’s all aboard the Trumplomacy bus, as President Trump offered China an olive branch yesterday, renewing hope that a ‘trade ‘war’ could be avoided……..
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Is this the beginning of the end!
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Trump announces US withdrawal from the Iranian nuclear deal with plans to impose strict sanctions.
Uncertainty of global oil supplies grows as countries who continue business with Iran may be penalized and ………
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