The Rand starts the new trading week on the front foot, as last week’s risk-on sentiment is still evident, and the Dollar remains weak. The Rand is holding on to Friday’s 2.5% gains and is
The Rand traded in very tight ranges overnight as the market took a breather before the virtual Jackson Hole conference that kicks off today. The sideways trading in the Rand has been echoed by oth
The Rand traded at 16.7200 levels at one stage yesterday, on positive market sentiment before closing at 16.8433 as poor US Consumer confidence data dented market optimism.
The South African government has been dramatically exposed as an emperor without clothes in the first half of 2020 and they are no longer the borrower of choice for lending institutions.
The S&P touched a new record high last night while the Nasdaq had another record close. US futures are stronger again this morning while Asian stocks are mixed.
The Rand and Mexican peso are currently the top performers in the EM space as the rest of the EM currencies trade sideways for the moment. The Rand has firmed quite sharply to 22.4250 and 20.2025 a
US weekly jobless claims rose above the 1 million mark again, reflecting the harsh impact of the pandemic on the US economy and pushing US Treasury yields lower and the greenback weaker.
TreasuryONE, the market leader in treasury systems solutions, is pleased to announce that AECI has selected its Technology Services to support their treasury operations.
The Feds FOMC minutes released yesterday showed a bleak economic outlook for the US and were not as dovish as markets would have liked.