US Dollar calling the shots
By Andre Botha, Senior Dealer, TreasuryONE In a market that has been very uncertain at the best of times in the recent past, where we have seen emerging markets running stronger with the US dollar
By Andre Botha, Senior Dealer, TreasuryONE In a market that has been very uncertain at the best of times in the recent past, where we have seen emerging markets running stronger with the US dollar
Rand update The rand closed firmer at R15.48 last night as the dollar lost ground to the euro and pound yesterday. The US holiday saw the rand keep to a narrow range, but it did attempt to break th
Rand update The rand ended on a firmer note last week, closing at R15.57 as the dollar slid against the euro and pound. We start the new week unchanged on what is likely to be a fairly quiet day du
Rand update The rand managed to claw back yesterday afternoon’s losses and eventually closed firmer on the day at R15.68 as the euro and pound both bounced against the dollar. The local curre
Rand update The FOMC minutes released yesterday showed that the Fed is on track for further 50bps rate hikes going forward and that future policy might be more restrictive than previously anticipat
Rand update The rand traded near R15.62 levels yesterday before closing at R15.64 as the dollar once again slipped against most currencies. The euro led the move out of the dollar, but market bets
By Andre Botha, Senior Dealer, TreasuryONE Quite an exciting week that we had last week, as the rand staged a recovery on the back of an interest rate hike and the credit rating of South Africa bei
Rand update The rand had a better day yesterday as it closed firmer on the day at R15.75 on the back of a softer Dollar and the positive outlook upgrade by S&P Global. The rand briefly traded t
Rand update The rand is trading firmer at R15.80 after ratings agency S&P Global upgraded South Africa’s outlook from “neutral” to “positive” while keeping both th
Rand update The SARB raising the repo rate by 50bps and a softer dollar saw the rand firm by 1.2% to close at 15.85 on the day. The rand touched an intraday best level of 15.77 after the MPC decisi