Rand update Overnight we saw the rand break out of its narrow range as the market turned bearish towards riskier assets with a massive sell-off in the US equities market. This morning, the rand is
Rand update The rand closed 1.7% stronger at 15.90 last night after the dollar fell quite sharply against both the euro and pound. The pound was boosted by good employment data, which opens the way
Rand update The rand weakened quite sharply yesterday morning, trading at R16.32 levels at one point before closing at R16.16 last night. Poor Chinese economic data put most EM currencies on the ba
Rand update Some very poor economic data out of China has seen EM markets weaken to the Far East this morning, with the rand taking the biggest hit. Chinese retail sales for April fell by 11.1% vs.
Rand update The rand weakened up to R16.26 yesterday after poor UK GDP data pushed the pound sharply weaker, and the euro dropped as well. The rand, however, rallied late in the afternoon to close
Rand update US inflation is remaining persistently high, raising the prospect of aggressive Fed rate hikes and keeping the dollar on the front foot. US CPI grew by 8.3% YoY versus market estimates
Rand update Not much has changed overnight, with the rand and other EM’s still trading sideways ahead of today’s US CPI print which is expected to read 8.1% YoY. We open this morning wi
Rand update This morning, the dollar is taking a bit of a breather as US bond yields pull back from yesterday’s higher levels. The rand, which touched R16.27 levels yesterday, is trading firm
Rand update The rand starts the new trading week on the back foot as risk sentiment declines across most asset classes. The rand is 0.75% weaker this morning, currently trading at R16.13 versus Fri
Rand update Equity and currency markets were thrown into turmoil yesterday, wiping out all of Wednesday’s gains as investors rushed into the dollar. The dollar was supported by the fact that