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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…

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Rand gets a bit Moody..

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Rand gets a bit Moody.. After looking poised to break below R14.00 against the US dollar last week, the Rand took us on a rollercoaster ride and ended the week trading in the mid-14.60’s. The reason for this volatility was the Mid-Term Budget Statement (MTBS) that left the market a little deflated too…

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A wild September, what’s next?

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE A wild September, what’s next? The Rand took us on a rollercoaster ride in September with the currency trading at R15.70 at the high in early September at the height of the EM crisis and closing the month in the low R14.1000’s. But the critical question is what has changed in the past…

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Central Banks will you please stand up

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Central Banks will you please stand up The last few weeks of September certainly had a couple of events that would grab everybody’s attention. On the local front, we had the MPC decision and the new stimulus plan that was broadly unveiled last week by President Ramaphosa. Furthermore, as we were sitting around…

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Look at the Fundamentals

Weekly market report by Andre Botha, Senior Currency Dealer at TreasuryONE Look at the Fundamentals There is a famous quote that states, ” An emerging market is a country where politics matters at least as much as economics to the market.” Applying this logic, we could say that the US and the UK are emerging markets lately, but I digress, looking back on the year…