OVERVIEW Rand sleighs to lower support levels this week as we approach Christmas. Dollar suffers worst week of losses since September as sell-off see’s investors head to riskier currencies and assets. The dollar came up short against a myriad of currencies this week due to risk appetite support. The rand saw better buying levels last
Category Archives: Currency Insights
10
Dec
Dec
OVERVIEW A risk rally boosted the rand this week until SA manufacturing data dropped by 8.9% and global restrictions caused investors to turn to the dollar safe haven. 52 year job market lows and upcoming Fed meeting is supporting the greenback, focus shifts to todays US inflation data. It has been a quiet week on
Currency Insights, Forex News, Uncategorized
Rand News – ZAR Collapses To Over R16.20/$ Due To New Covid Variant.
26
Nov
Nov
OVERVIEW Investors Drop The Rand Due To New “Worst Ever Seen” Variant. Investors Charge Away From Risk And Into Look For Cover In A Firm Dollar Safe Haven. The elevated levels we were expecting to gradually test have come with an unexpected bang as a new variant is spreading in SA. USDZAR fell over 2%
12
Nov
Nov
OVERVIEW A highly volatile week for the rand as the dollar closes in on it’s best week in 5 months.Markets turned to the dollar as a safe haven with expectations rising that an interest rate hike is near due to inflationary pressure. Dollar strength is dominating as the American currency is finding support in investors
05
Nov
Nov
OVERVIEW An uppity week for the dollar, post local election day saw USDZAR hitting 8-month highs.The rand saw a short working week with the spotlight firmly on the US Fed and BoE Monetary meetings. The dollar and looming Fed decision dominated the market environment this week, Monday being a public holiday for elections meant that
29
Oct
Oct
overview Central bank decisions fired up volatility this week, leaving the rand on the backfoot with elections and a tough budget speech approaching in coming weeks. The rand and emerging market currencies have been volatile this week with central bank decisions taking center stage and rocking the boat. The rand proved to be much weaker
Currency Insights, Forex News, Uncategorized
Rand News – U.S. Debt ceiling extended aids Dollar support
08
Oct
Oct
OVERVIEW A close save for the U.S. as Senators extended the debt ceiling last night, till early December, saving the largest economy from what would have been their first ever default. Market focus turns to the U.S. employment data release today. A wild ride for the South African Rand this week as it started on
Currency Insights, Forex News, Uncategorized
Rand News – Dollar Dominates Due To Global Crisis Storm.
01
Oct
Oct
overview The dollar remained dominant in this week’s markets as investors moved to the greenback for stability. Energy, supply-chain, health, employment and debt crisis’ ravaged the global scene in several nations – pushing investors away from emerging markets and towards the safe haven dollar. The long and short of this week is that the rand
20
Sep
Sep
OVERVIEW The rand sets up for a weekly loss as dollar bulls triumph and investors launch a ZAR sell-off. Investors shifted focus from the temporarily overbought rand and moved to this week’s safe haven being the dollar.. We saw a stark contrast to the rand’s performance this week as opposed to last week’s emerging market
20
Aug
Aug
OVERVIEW Dollar strengthens against virtually all counterparts as the greenback reaches 7 month high off of tapering expectations and improved jobless claims data. SA MARKETS The possibility of asset-tapering has been talked about for quite some time however the confirmation of sooner than expected asset tapering shook the market this week. The dollar was already
