Rand News – A big reaction in the markets from investors has developed into a fourth day of Rand weakness USD/ZAR News After the Democrats won the election in Georgia, the US experienced violent protests at Capitol Hill. However before the election the Dollar had already started strengthening when market players came back from Holiday.
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18
Dec
Dec
Rand News – South Africa is the hardest hit coronavirus country on the African continent however this didn’t stop the rand from being fuelled by the emerging market rally this week. USD/ZAR News Having starting the week at a high of R15.09/$, we saw the USDZAR drop almost 50 cents to a low of R14.63/$
11
Dec
Dec
Rand News – After surprising improvements in our GDP data on Tuesday, the news saw a break on USD/ZAR under the R15.00/$ mark. In the coming week we will see a tug of war, strength for the rand from risk appetite and dollar strength once the vaccine is rolled out. USD/ZAR News The worlds most
04
Dec
Dec
Rand News – The Rand experienced a cautious week with whispers of a mini lockdown creeping into the markets however progress made on vaccines this week continues to help boost risk appetite. USD/ZAR News Pressure prevailed this week on the dollar, keeping USDZAR in a minor sideways trend between R15.20/$ – R15.45/$.Four large factors which
27
Nov
Nov
Rand News – The current vaccine surge has been flourishing for almost a fortnight, and the rand can only be grateful as it shrugged off a DOUBLE downgrade with focus being on a weak dollar and an uptick in global sentiment. USD/ZAR News The dollar began the week on a weak note with the vaccine
13
Nov
Nov
Rand News – USD/ZAR support levels tested around R15.30. In this weeks Rand News, we look at some important data released and the affect this has had on the currency market. USD/ZAR News From starting the week with a Biden victory to ending with a preliminary COVID-19 vaccine from Pfizer, the US held the spotlight
23
Oct
Oct
In our weekly round up this week, we look at some important data released and the affect this has had on the currency market. USD/ZARThe dollar’s price action and market sentiment has become synonymous with the US elections and stimulus relief talks, this week was a typical illustration of these associations.Fluctuation on the greenback saw
16
Oct
Oct
In our weekly round up this week, we look at some important data released and the affect this has had on the currency market. USD/ZAR To the rand’s fortunate and favor, the dollar has remained weak and on the edge of uncertainty with decisions around US stimulus and the Presidential race circling in unpredictability.The start
02
Oct
Oct
In our weekly round up this week, we look at some important data released and the affect this has had on the currency market. USD/ZAR The dollar lost ground this week, beginning around R17.13/$ and following a downward trend to today’s R16.70//$.The talk of the week was undoubtedly the US presidential debate which resulted in
25
Sep
Sep
In our weekly round up this week, we look at some important data released and the affect this has had on the currency market. USD/ZAR The dollar saw a revival from last week’s vulnerability, firming progressively in a surge to closely near it’s largest gains in almost 6 months.Renewed hopes of a economic stimulus package
