What a week for the Rand, with another rollicking performance against the Dollar, Euro and Pound.
As a wide range of global events took hold of the headlines, the local unit
Phew, what a week in the markets - and in the world!
The Rand is now on the ropes following a staggering decline over the last few weeks, now sitting well
Another week, more choppy waters for the Rand, as we saw the market bouncing backwards and forwards, as uncertainty abounded...
The unwinding of the period of Rand strength this year is
Well, well… as the endless repetition of the tightening and easing of mindless, ineffective lockdowns continues, the future remains as uncertain as ever.
For once, this week it was a move
Rand volatility continues, but the trend at the moment is all one way...
Despite the rioting and looting stopping, the Rand has not fared very well at all.
Factually, the long term
Phew, what a week...
From 0-100 was the escalation this week, as South Africa saw its worst riots in history.
Bordering on a co-ordinated attack rather than a riot, with shops, businesses
Another week, and a more quiet-ish one for the Rand.
The market has been pretty stuck in the sideways band of trade, pivoting between the R14.00-14.55 range over the last few
Another week, another rough ride for the Rand!
The unwinding of the positive sentiment of the last few months has not taken long, as the Rand now sits more than 110c
And breathe...
The Rand took a slower week, giving everyone a chance to take a breather and recalibrate after a frantic few days.
The last few weeks have seen the Rand shed
Well, now it is official...
The Rand party is over.
For some (namely, exporters), it couldn't have a come a moment too soon.
With the incredible run of all of 597c from 6
Eskom trouble for some time...
...but this week things have really taken a turn for the worse, sending the power utility into crisis mode.
From being close to keeping up with demand
The Rand continues to blow past expectations, moving ever stronger against the Dollar.
The turnaround neared R6 stronger from where we were in April last year, when there was that blowout
Once again, the Rand has defied expectations...
What could cause the local unit to strengthen to 27 month record levels against the Dollar?
The economists scrambled for ideas, explanations and ideas as
Another week, another 5 days of indecision as the Rand slowly edged stronger.
Back under R14/$ is good news for importers and investors (not so good for exporters!), but although it
There always seems to be over-confidence and complacency, particularly in markets & economics, before disaster strikes.
... a relaxed care-free atmosphere, as if there is no danger at all.
And then suddenly
Another week, another Rand turnaround...
Such has been the stability of the local unit been over the last 3-4 weeks, we have seen it trapped in a mere 40c range.
This is
A quiet week in the markets has passed us by, as we continue to wait on a bigger Rand breakout...
It was still a week of plenty action, as we continued
A quiet week in the markets has passed us by, as we continue to wait on a bigger Rand breakout...
It was still a week of plenty action, as we continued
So onward the Rand train runs!
The Dollar's decline from last week has continued and the Rand has really taken advantage of it, strengthening to pre-pandemic levels.
The irrationality of markets is