Monthly Rand Review – August 2020
With the world slowly unlocking economies after the COVID-19 pandemic, the economic devastation of the various lockdowns becomes tangible as data sets from all over the world are released.
Risk on – but for how long?
Risk appetite is gradually returning to the market after the global “risk-off” scenario due to the COVID-19 pandemic, and it can be attributed to the advances made in COVID-19 vaccines
Something is up!
Last week the Rand and other EM currencies enjoyed the weaker US dollar as risk sentiment turned in favour of EM’s due to global optimism regarding the COVID pandemic. Global stock markets ar
One Step Forward, Two Steps Back
Last week news was dominated by the supplementary budget in South Africa and the fear of a second wave of the COVID-19 virus emerging crippling markets again.
A second wave and a second budget
For the week ahead, there are some interesting numbers out of the US and Europe, which could impact the markets. However, data at the moment is playing second fiddle to the COVID virus, and with th
How low can you go?
Looking back on last week, one could only shake one’s head in disbelief if you look at the moves in the currency markets. The Rand that, was trading above R19.00 not so long ago, is currently tra
Trump vs China version….. Uhm? 50?
The Rand has staged a remarkable comeback in the past week and a bit as it gained more than a Rand against the US dollar. The question is, what has led to the Rand or EM’s for that matter per
A stronger Rand was against the odds, is that the new normal we have to face?
Rand launched an assault at the R17.50 level, but is this sustainable or just a bit of relief? At the moment the relief could not have come soon enough, and the rapid Rand “strength” ha
Just staying on the rails of this crazy train
The COVID-19 pandemic has cast more doom and gloom over the world economy than any other financial crisis.
No sweet dreams were made of these, where to now with volatility?
We expect a fair bit of volatility to be par for the course, but should economies start to open up the belief is there that the Rand could slowly begin to claw some of the losses that it had over t