Rand bounces back from worst level of 2017
Another week dominated by politics slips by...
This one filled with more topsy-turvy movement, on the back of political unrest and further concerning decisions from President Zuma.
What is happening
Rand Reviews
Political Worries Weigh On The Rand
This was one of the more choppy and difficult weeks for importers, exporters and investors alike...
If you are just watching the news and events and trying to make decisions based
The Rollercoaster is Back with a Bang...Can the Rand Recover
The South African local currency has always made a habit of reversing trend when it was least expected.
And that is what makes the game of forex so interesting.
When
Budgets and Shuffles...Rand Takes The Hit
Being a finance minister is all about growing the country's economy.
It is solutions to problems. Which in turn provides an environment to grow the country's economy. No matter how
Zuma shuffles the pack... and the Rand
Last time our esteemed Jacob decided to do the shuffle, we got some kind of warning that it was due to happen, with rumblings around Pravin Gordhan's safety.
This time
Comeback time for the Rand - but for how long...?
In true fashion, just when all hope is lost, the market takes a corner.
And the Rand showed it still had some fight in it, as it picked itself off
The Weak ZAR Continues...Is It Time to Secure YOUR Rands?
A new month, a new start.
But it did not seem to make any difference for the weakening ZAR.
As the week moved along, it seemed that the poor Rand was just
Rand loses 4% of value...what now?
The headline says it all..."Rand loses 4% of value...what now?"
A truly bruising week for the economy, as the Rand soared to touch over R13.71/$ - a level not been seen
Rand on Track, despite Hurricanes & Earthquakes, (no) Hikes & Scandals
Natural disasters, economic disasters and whipsawing financial markets...
The Rand was dealt further body blows this last week...and in so doing moved into our predicted target areas from last week -
ZAR Crashes ... were YOU ready for it?
All good things come to an end, right?
That was the story of this week as the weight of all the negative news and economic events took its toll on the
Rand Hits 12 Week Best...But Can't Hold On To Gains
The United States is enduring a very difficult period...
Having just been hit with Hurricane Harvey, one of the most destructive hurricanes we have seen in quite some time...
...along comes an
Harvey to the ZAR rescue...and to USD's detriment
It was another week of building.
Not positive building, but building of tension globally, waiting for an explosion...
...as Hurricane Harvey raged through Texas
...and tensions rose toward to a crescendo between the
Is the USDZAR becoming a more stable market...?
All of us began the week with some trepidation as to what was coming next.
Despite some rocky ground, it had been a great couple of weeks for the ZAR.
Rand makes a swift recovery from Zuma-flu!
Well, well, well...who would have thought?
After a catastrophic previous week with Zuma surviving the #NoConfidence vote, all eyes were on the Rand to see the longer term effect.
And
Zuma dodges the bullet! But the Rand doesn't...
Can you believe it?
Zuma dodged the bullet again.
And the poor Rand just so happened to be standing right behind him, and was left no option but to take
Rand loses ground - exactly as predicted...
While many were holding thumbs that the ZAR's continued period of strength and stability would someone manage to keep going, it seemed the honeymoon was over as the week got
Major wins, major losses - a see-saw week for the Rand
The Rand has been bootstrapping it for a bit too long...
And all too soon, it seemed its luck has run out.
And then there was a comeback.
And then
The Resilient Rand stands strong... (somehow)
This last week was nothing short of confusing for most.
After the comeback of the ZAR during the previous week, many had high hopes that this week would have more
The USDZAR keeps fighting the tide...and winning!
While it has felt feels like the tide is dragging a seemingly helpless ZAR out to sea...
...the market just keeps on fighting back!
With no rationall explanation, the Rand
Resistance is holding the Rand from going further...but for how long?
The market did not react how persons hoped it would this week, as it sent shockwaves through the financial world...
..."where to from here?" was the question as it spiked