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SA “Moody” over inflation and dollar strength

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
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Jobs data boosts the dollar

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.
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Local economy showing positive signs

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,
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Achieve your franchise dream -here’s everything you need to know

South Africa’s economy is under significant pressure and, for a number of reasons, there is little promise that this will change in the near future. In May this year, the International Monetary Fund (IMF) predicted only 1% growth in 2017, up 0.2% from their previous prediction of 0.8%. While it may be moving in the..
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