Daily Market Report

Daily Market Report Good morning, Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE Despite the good GDP number, the Rand closed yesterday in the R13.80’s after reaching a low of R13.55 just after the release of the GDP number. The primary driver of the Rand sell-off was out of the US with…

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Daily Market Report

Daily Market Report Good morning, Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE Although the Rand traded in a relatively narrow band yesterday, there was a lot of action in that band. The Rand peaked over the R13.60 fence in the morning session but once again failed to successfully scale the fence.…

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Daily Market Report

Daily Market Report Good morning, Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE It’s only the start of the week, but we are already firmly strapped into the Rand rollercoaster. We saw the local unit lose some ground in evening trade on Friday as the market crept into its shell in anticipation…

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