Rand’s roller-coaster ride continues
The rand’s roller-coaster ride continues… The R15.40 level which we saw only a few weeks ago, appears to be a distant memory, with the rand storming ahead and setting its eyes on the R14.00
Markets turned “risk-on” after release of US non-farm payroll numbers
With the Jackson Hole Symposium behind us, the biggest event of last week was the US non-farm payroll number that was released on Friday. The number missed the mark by a considerable margin, expect
Fed still in control
For the better part of last week, we saw the markets trading sideways in anticipation of the speech by Fed Chair Jerome Powell at the virtual Jackson Hole symposium. It was no surprise to see the c
Optimism on world recovery on the back foot
Last week we saw the markets catching the tailwinds of good prints from the US non-farm payroll numbers. The US dollar was on the front foot for most of last week, touching the 1.17 level against t
US dollar on the front foot while EM’s start to buckle
A stronger dollar and worries about the Delta variant have started to weigh on emerging market currencies – resulting in a not-so-great week for the Rand. At the start of the week, the Rand began
Covid and Non-Farm Payroll numbers back in focus
At the much-anticipated FOMC meeting last week, Fed Chair Jerome Powell struck more of a dovish tone than the market anticipated. Some of the key takeaways were that the Fed would not hike rates o
Has the rand lost some of its shine?
As we start the last week of July, the rand trading as a yo-yo is back in full force, after some rollercoaster trading in the previous week as well. It has been a tough month in many facets, with t
A week that felt like a year!
Across the world, we’ve seen riots and protests; in France, protests against the introduction of Covid passports by Emmanuel Macron and locally the significant social disruptions with widespread
Dovish Fed ahead of CPI numbers
The rand traded in a very narrow 20 cents range for most of last week in what could only be described as a lacklustre week. We feel a big emphasis was placed on the US Fed minutes released on Wedne
Rand stays in its range despite positive US non-farm print
The market’s not paying much attention to anything else except the US dollar and data from the US.