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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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Things might get interesting!

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Things might get interesting! What a January for the Rand recording its best trading in recorded history! We started the month on the back-foot with the Rand trading above R14.50 and ended the month within touching distance of R13.20. This about-turn was mainly done on the back of EM-sentiment as EM’s became the flavour…

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Could it be?

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Could it be? The beginning of 2019, has a bit a deja vu to it if we compare it to the January of 2018. In both cases, we saw the Rand strengthen quite significantly in January, but the causes of the run are markedly different. In 2018 we had the wave of Ramaphoria…

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Rand range bound, but for how long?

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Rand range bound, but for how long? The Rand has made an impressive start to the year, with the currency trading as low as the mid- R13.60’s after starting the year comfortably about the R14.50 level. The main reasons for the Rand rally have been analysed close to death now, with the dovish…

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What a start to 2019!

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE What a start to 2019! The Rand has started 2019 like a house of fire and is 3.5% stronger against the US dollar. The move is mainly the result of off-shore events, which makes this move sentiment driven, and as we all know sentiment can change at the drop of a hat. The two…

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What a year… Rand Review 2018

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE What a year… Rand Review 2018 It was never more accurate to say that a year has flown by but that is what 2018 did. It is worthwhile to look at some of the significant themes that impacted the Rand in 2018 and what events we will have to keep an eye on…

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Trump, Trump and a little bit of South Africa

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Trump, Trump and a little bit of South Africa What a November we had, with the Rand staging one of its best months and closing the month below the R14.00 level, which to be honest looked quite far-fetched at one stage during the month. It seems that the tide has changed a little, even…

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No end of year slow down on the Rand

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE No end of year slow down on the Rand What an exciting week last week was for the Rand, with the Rand breakthrough and sustaining a break below the R14-level. One of the critical events was the hike of 25-basis points of the South African interest rate. The Rand reacted positively to the…

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Taking an interest in the interest rate

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Taking an interest in the interest rate The buzzword in economic terms are interest rates and we are all glued to our screens when the Fed announces their US interest rate decision and in South Africa whether our MPC will increase or cut local interest rates. But, let’s take a more in-depth look at how…

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Back to school again: Why are mid-terms important?

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Back to school again: Why are mid-terms important? It would not be surprising if a fair few of us had a bit of nostalgia with the sudden overflow of the word mid-term. Luckily it has nothing to do with late night cramming for an exam the key focus this week is the mid-term…