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 Rand roller-coaster continues
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The rand shot down to 13.94/$ yesterday afternoon but was back above 14.05/$ five minutes later.
News that SA’s land expropriation bill had been withdrawn………..
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Rand rallies as risk sentiment… is back!
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The rand strengthened overnight as US Fed Chair Jerome Powell stated the US economy is ‘not looking to over-heat any time soon’.
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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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Rand cracks under ‘perfect storm’
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The rand touched 14.75/$ yesterday after facing a barrage of negative news.
Turkey announced retaliatory tariffs against the US, Moody’s released a damning report on the state of SA’s economy ……….
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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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Well well, the Dollar is down and the rand up!
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US President Trump threatened to impose tariffs on all $500bn worth of Chinese imports following China’s vow to fight until the end.
As trade tensions intensified the greenback lost ground, which saw EM currencies and the rand strengthen to close at 13.33/$ yesterday.
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US vs CHINA … vs the rand!?
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The rand along with other EM currencies were casualties (yet again!) as the US vs China trade war tensions continue to escalate.
China vowed to fight until the end, warning the US of “arrogance” and “making a fool of itself”. US treasury yields edged lower as investors fled to safety. The rand depreciated 0.9% against the dollar opening at 13.44/USD this morning.
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South African Rand in a “Landslide”
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The rand weakened more than 1% against the majors overnight as the ANC confirmed Section 25 of the constitution will be amended.
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