Well, that was quite a week...
Things looked pretty rosy to start.
And then ended not quite on the same score.
Such swings of 'fortune' are what brings the level
A week which was looking so good...
Steady, smooth, and almost calm strengthening of the market from Monday morning through Wednesday...
...only for Wednesday and Thursday to turned things on
Isn’t it amazing, how time and again, when the news is about the worst it can get, that the Rand pulls a fast one against everyone’s expectation.
Will anyone forget the
It's been a crazy couple of weeks for the ZAR, both on the home front and abroad.
Events, scandals, surprises and shocks have come thick and fast...(and they aren't showing
It is difficult to put this week into a few words...
The market was at its undecided worst, as it fought against news, economic events all week long, leaving everyone
A week built up on anticipation of big action over the weekend...
...with the Rand benefiting handsomely from the expectations.
When it looked like the market had finally run out
When the Rand crashed its way up to R13.71 on Tuesday last week, alarm bells were already going off...
After a volatile period, it looked like the Rand had finally
Choppy, undecided, unsettling and dangerous...
A rather unsettling week sure did not help settle any investors nerves, as we saw no stability in the markets once again.
It was a
A calm surface...but turmoil underneath.
The gains of the Rand over the last week are a welcome relief to many who had seen their wealth getting sliced into smaller and
Sentiment reaches an extreme...and then the tables turn.
As per popular belief, the Rand went rushing onwards in the first half of this week. It weakened significantly, moving into the
#JunkStatus, Downgrades, Protests, #ZumaMustFall, and more…
....just another week of South African politics and economics.
There was no lack of action this week, and the retaliation from Zuma’s actions reached
JZ has done it ... again ... and more
Always with a self-serving trick up his sleeve...
...and always a Rand #CrashFlash around the corner.
This week was the one
This past week was nothing short of a blitzkrieg.
An annihilation.
But not the type we have come to know over the years with the USDZAR...
...for once, it was
Well...
Where do we even start reviewing a week like this?
In perhaps one of the most startling turnarounds of the year, the Rand pulled off a heist of note,
A week which began so well for the Rand...
...and then it all fell down in a heap.
The past few months have seen consistent strengthening for the Rand, leading
A week which was neither here nor there...
...but more than enough see-saw activity to provide some headaches for those with a forex exposure.
With positivity still booming, many were