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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The Rand notched up a hat-trick of gains over the Dollar, Pound and other major currencies by the mid-week interval following a sharp reversal from last Friday’s 2021 lows.
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ZAR on course for hat-trick of losses vs USD and GBP as a new incarnation of coronavirus adds to domestic risks.
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The Rand entered the new week in a position of vulnerability after recent losses undermined a pair of important resistance levels for the USD/ZAR exchange rate, giving rise to a risk of further los…
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The Rand whipsawed after the SARB raised its cash rate with price action coming as a strong Dollar appeared to weigh on many currencies.
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"The rand risks marked weakness if the MPC does not hike the repo rate this week as other EM currencies pull ahead," - Annabel Bishop, Chief Economist at Investec.
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GBP/ZAR is rising after finding support at the 20.00 handle and bouncing.
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The Rand tumbled alongside many other currencies in the mid-week session as the global market tide turned against risky assets while lifting perceived safe-havens in price action that could lead th…
Read more … →Investor confidence in the Rand has been permanently shaken by the July riots, while expectations for interest rate rises at the U.S. Federal Reserve will act as a global headwind to the currency.
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