Treasury-One-Daily-Report-South-Africa-03

Sitting, Waiting, Wishing

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Sitting, Waiting, Wishing It seemed that the Rand was in a post-Moodys hangover mode last week, where everything happened a little slower than normal. The Rand traded within in tight ranges on a very sparse data and event week. However, the Moody’s decision brought about positive sentiment in the market and we a believe…

Treasury-One-Daily-Report-South-Africa-02

Daily Market Report

Daily Market Report Good morning, Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE: Despite the IMF’s lowering of the global growth for 2019, the Rand is currently on the front foot and looking push through the R14.00 handle against the US dollar. This goes against the notion that a negative view of…