Rand update The rand had a bit of an up and down day yesterday, trading as weak as R16.02 at one point before recovering to touch R15.88 and closing at R15.92, flat on the day. This morning we have
Rand update EM currencies and the rand continue to trade on the back foot despite a softer Dollar. The rand has lost 2.6% over the last two days as it closed at R15.93 last night and is currently s
Rand update The rand weakened sharply yesterday, losing 1.45% from its R15.53 opening to close at R15.76 in a reasonably illiquid market. The local currency touched an intraday worst level of R15.8
Rand update The rand has opened at R15.55 this morning, slightly weaker than yesterday’s and Friday’s stronger closing levels, as the dollar trades flat against its major peers. Trading
Rand update Growing optimism around the lower hospitalization and mortality rates of the Omicron variant continues to see an increase in risk appetite. The rand touched R15.61 yesterday afternoon b
Rand update In the New York trading session, some risk appetite returned last night as an improving global economic outlook outweighed Omicron concerns. The dollar weakened, equity markets continue
Rand update The holiday season looks like it is on us, with currency markets somewhat subdued at the moment, with daily trading volumes likely to decrease. The only real, impactful news remains the
Rand update The ease in which the Omicron variant is currently spreading worldwide has created a risk-off sentiment this morning across all sectors. EM’s are slightly softer, with the rand tradin
Rand update We saw a hawkish Fed on Wednesday evening as expected throughout the market. The FOMC came out and mentioned that they will accelerate tapering from December into March and look to end
By TreasuryONE Senior Dealer, Andre Botha, and Macro Strategist, Neels Heyneke Heading into the last FOMC (Federal Open Market Committee) meeting of the year, there has been much speculation about