Daily Market Report

Daily Market Report Good morning, Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE: The much-anticipated budget speech happened yesterday, and if you ignore the period between 14h00 and 15h00, one would have been excused to think the Rand had quite a stable day. The Rand reached a high of R14.3700 in the…

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Daily Market Report

Daily Market Report Good morning, Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE: D-day, or should we reference it as B-day is finally upon us. Yes, all roads from the past couple weeks have led us to the Budget speech which will happen this afternoon at 14h00. Minister Tito Mboweni has got…

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More volatility to come

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE More volatility to come! It is only the middle of February, and we have already seen two big Rand moves. The first was the Rand moving from R14.60 to R 13.20 at the beginning of the year, as EM became fashionable again, and then the latest move where the Rand gave away nearly…

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Daily Market Report

Daily Market Report Good morning, Today’s market commentary from Andre Botha, Senior Currency Dealer at TreasuryONE: With the US out of the markets yesterday, the Rand traded within tight ranges but sagged out later in afternoon trade. This could be down to the sentiment currently in EM where EM has fallen out of favour and…

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