A tough Budget 2019 brings a stronger Rand
Well, well...what a week!
February 2019 continues to be one of the most interesting months in recent times when it comes to the Rand and SA's economics and politics.
This week was
USD/ZAR
Eskom mess weighs on the Rand...what next?
And like January was all just a dream, we have suddenly come back down to earth in February...with a bump!
What a disastrous few days for the Rand.
Between Eskom, load shedding,
Rand bumps back to reality over R13.50/$
As it so often is, after a cracking turnaround from the Rand, a bump back to reality arrives...
A weaker Rand is not always bad news though.
It brings some relief to
Rand surges to best January in 33 years...
What a week for the Rand!
After a stagnant few weeks, hovering in the R13.50-R14.00 trading range, the Rand made its move in pulling to the best level of 2018, to
Rand enjoys a strong finish, despite SARB & Eskom
Well, the Rand was back to its topsy-turvy self this last week, with a wide trading range keeping exporters, importers and traders on their toes for the full 5 days...
And
Rand continues to hold sub R14/$...
The headline from Fin24 said it all:
"Traders suddenly dare to believe in an emerging-market rally"
The Rand has kept on the front foot, very steadily and slowly over the last few
The Rand's 2019 Bull Run continues
Welcome to 2019 - or rather, our first Rand Review of 2019, as back-to-work mode starts in earnest. Trust you have had a well-deserved rest and are refreshed and charged
Rand on the back foot as 2018 draws to a close...
Welcome to our last Rand Review of 2018...
Phew!
A tumultuous week draws to a close...what next?
The Rand was relatively stable despite the week, but really, what next was going to be
Rand tanks...despite the end of recession
A rosy November suddenly seems a long time away a battling Rand...
The plague of Eskom, Land Expropriation and political disunity continued to hurt the local currency...
...not to mention the Trade
15 Year Record November for the Rand
Well, what a week!
The Rand’s marvelous November ended on a high note (apart from Friday!)
For the second time running, the Rand seems to be having a magnificent end to the
Rand firms on #CabinetReshuffle & rate increase
Some thought a few months ago, in the midst of the Turkey crisis, that we would never see sub R14/$ levels again...
...well, that was just what we got this week,
Sub R14/$: Is R13.50 to the Dollar next?
Well, another whirlwind week...
But not more so anywhere else than in the UK, as the highly divisive Brexit decision continued to be the plague of the whole continent of Europe.
Officials
See-saw week sees the Rand back to square one
This was the week for the Rand!
What a turnaround, from the Turkey Crisis and the weeks following, which was just a few months ago. The market was soaring over R15/$,
Corruption oustings help the Rand toward R14/$
With just 2 months left in the year, the Rand is as choppy as ever...
This week saw swinging momentum from highs to lows in quick succession. It is tough for
Mini-Budget puts strain on the Rand - what next?
A rough week for the Rand, with all eyes on the Mid-Term Budget, which is often a trigger for some explosive moves...
And that was exactly what we got, as the
Rand gains momentum ahead of budget speech
Another week passes, as the Rand gains momentum!
It was a week which again proved the inaccuracy of looking to events for market direction, as economists were left dumbfounded by the
New Finance Minister the catalyst for Rand strength
Phew, a week of action in SA politics - and the financial world!
The Rand came into the week with jitters, and plenty of them. The situation with Nene was making
Dollar sends Rand back toward R15/$
The Dollar enjoyed a very strong week following its retracement, which left the Rand on the back foot, once again.
It was probably due for the Rand, as it had had
Volatile climate has little effect on the stronger Rand...
All too quickly, this year is already three quarters over!
And, as the last quarter kicks in, the Rand has certainly got some spring back into its step after spending some
Rand comes roaring back to win the week!
Well, what a week. Yet AGAIN, the Rand turned the tables on the Dollar.
This was despite the Trade War...
...despite the volatility surrounding SARB's interest rate decision
...and petrol price hike fears
...despite