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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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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You miss one and then hit one
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Fridays nonfarm payrolls figures missed the mark (163k vs. 193k expected), while unemployment data reached a 17-year low of 3.9
The job numbers confirm strength in the dollar, with the rand opening at 12.53/$ this morning. This week could see EM ….
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The Rand Losts Its Ground
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The rand lost ground yesterday as SA lost out to exemption from the US steel and aluminum import tariffs (25% and 10% respectively).
An increase in the oil price and a stronger dollar added to the rands demise. The tone of tonight’s Fed interest……..
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The rand strengthened overnight
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The rand strengthened overnight as the dollar weakened amidst peace talks between the North and South Korean leaders.
Risk-on sentiment prevailed as a nuclear-free Korean Peninsula looks likely in the near future (no doubt president Trump…….
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Spike in “Black gold” rally stirs inflation fears.
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The recent spike in oil prices could fuel global inflationary pressures, which has bolstered the USD to a 2 week high.
Rising US bond yields and easing concerns over geopolitical risks has also positively weighed on the greenback ……..
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Things are going slow and steady
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The rand is stable as markets wait for significant news/data to find new direction.
Risk appetite has returned, but with continuous geo-political tensions, fears over a trade war and future Fed hikes, the local unit will most likely continue to trade in its current range. In global news:
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