overview The rand is closing in on possibly closing the week in the green against the dollar.A aggressive ECB and BoE pressured the dollar this week and Non-Farm Payrolls will decide how USDZAR closes today. A sell-off of risk currencies last week saw USDZAR begin the week around R15.61/$, but February brought a firming for
Category Archives: Uncategorized
17
Dec
Dec
OVERVIEW Dollar fluctuates off of speculation this week and the Bank of England surprises with itâs first rate hike in 3 years.The rand remains hostage to investor sentiment and pandemic progress. The dollar was boosted off of expectations and rumours until Wednesday, hitting a high of R16.27/$.US Fed talk anticipation helped the dollar surge to
06
Dec
Dec
OVERVIEW Volatility remains in the dollarâs favour as new Covid waves and risk off sentiment keep investors away from the rand.Central bank decisions are approaching and will cause a lot of speculation of what courses of action officials will take on rate hikes, inflation and stimulus. The dollar-rand is experiencing a lot of volatility at
Currency Insights, Forex News, Uncategorized
Rand News â ZAR Collapses To Over R16.20/$ Due To New Covid Variant.
26
Nov
Nov
OVERVIEW Investors Drop The Rand Due To New âWorst Ever Seenâ 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%
19
Nov
Nov
OVERVIEW This week saw 2 events impact the rand â US retail sales data and the SARB MPC meeting.The dollar is on itâs way to a 2nd week in the green, keeping the rand on elevated levels. We posed the question in our Wednesday daily market report â âDollar surges, is R15.75/$ next?â, and yesterday
22
Oct
Oct
overview The rand was fuelled by the demand in risky currencies this week, until fear over credit giant Evergrande ravaged investors sentiment and pushing players back into the dollar. The dollar is close to ending itâs second week in a loss against the rand, this comes as we started the week on a high of
15
Oct
Oct
Rates as at 10:37Â Â USDZARÂ 14.70Â |Â Â GBPZARÂ 20.17Â |Â Â EURZARÂ Â 17.06Â Â |Â Â AUDZARÂ 10.90 overview The dollar nears its first weekly decline of the month as investors seek profit taking from the emerging markets.Higher than expected US CPI data and healthy jobless claims played in the randâs favour this week. The South
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 â Dollar Dominates Due To Global Crisis Storm.
01
Oct
Oct
overview The dollar remained dominant in this weekâs markets as investors moved to the greenback for stability. Energy, supply-chain, health, employment and debt crisisâ ravaged the global scene in several nations â pushing investors away from emerging markets and towards the safe haven dollar. The long and short of this week is that the rand
23
Sep
Sep
OVERVIEW Markets saw investors move into the dollar as China’s Evergrande was proven not too big too fall this week.Volatility expected as the rand prices in the US FED meeting and braces for local SARB meeting later on. The Rand is still seÂeing a decline and is trending on the weÂaker side for the 3rd
