The rand strengthened overnight despite US inflation and expected US interest rate hikes.
Future US inflation is predicted to break the Feds 2% target, forcing the powers that be to increase interest rates
Continue reading…
The rand strengthened overnight despite US inflation and expected US interest rate hikes.
Future US inflation is predicted to break the Feds 2% target, forcing the powers that be to increase interest rates
Continue reading…
Enjoyed this post? Share it!
The dollar rebounded late Friday on news of higher-than-expected US jobs growth in February.
Hourly wages moderated, easing inflation fears and concerns that the US Fed would hike interest rates 4 times this year.
Continue reading…
Enjoyed this post? Share it!
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!
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!
In this interview, Robert Wenzel of Economic Policy Journal talks with Trace Mayer about bitcoins. Are they money? Will they ever become money? Do bitcoins violate the Ludwig von Mises Regression Theorem on what can become a money? Under what circumstances could bitcoins become a popular medium of exchange? These questions and many more are..
Continue reading…
Enjoyed this post? Share it!
Powered by Jislaaik.com and SAFFA