Rand vying for top spot among G20 currencies in 2022, but USD/ZAR seen higher ahead of Fed decision.
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The Rand reached its highest level since the opening days of November this week as Dollar exchange rates gave up some of last year’s gains in what appeared to be a wave of profit-taking.
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Strong seasonal factors are ensuring the South African Rand is one of the stars of early 2022.
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Expect a rand under pressure in 2022 and hedge your currency risk appropriately.
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ZAR leading developed & emerging market FX in a strong start that partially reverses year-end losses.
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GBP/ZAR easing from 21.50 & near one year highs as USD/ZAR retreats from 16.00 to open new year.
Read more … →A hat-trick of gains have helped make the South African currency the top performer among major developed and emerging markets for the week.
Read more … →The Rand’s fortnight long rebound stalled in the penultimate session of the week as the Dollar began to find its feet and risk assets came off the boil although forecasts from Investec warn of dive…
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The Rand has emerged as an unlikely outperformer this week but now faces an anxious wait during which uncertainty about the threat posed by the newest strain of coronavirus could limit its scope fo…
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