With South African elections now behind us, the Rand seems to have held up relatively well despite ongoing policy uncertainty.
The Rand performance in the short-term is likely to primarily driven by the trade dispute between the US and China.
Below we have mapped the Rand against the US dollar (Black) British Pound (Orange) and Euro (Blue)…
Despite negative news-flow and concerns around credit downgrades, the South African Rand has had a positive month against the US dollar, Euro, Pound Sterling and Australian Dollar.
In the graph below, we map the performance of the Rand against the 4 currencies over the past 30 days:
While there has been a lot of perceived negativity around…
Despite a slew of negative news flow out of South Africa on both economic and political level, the Rand has performed admirably in the first month of 2019, strengthening against all of its major counterparts.
The US dollar and the Euro have tracked each other quite closely but the Pound Sterling has strengthened as the market…
It has been a busy week in financial circles with the Brexit vote and the South African Reserve Bank announcing it would hold interest rates at current levels.
Below we have mapped the Rand over the last 30 days against the US dollar (Black), Pound (Orange), Euro (Blue) and Australian Dollar (Red).
We can see that the…
In the graph below, we map the Rand against the US dollar (Black), Pound (Orange), Australian Dollar (Blue) and Euro (Red) over the past 12 months. The Rand has strengthened recently with interest rates nudging higher.
According to the models produced by Trading Economics, the Rand is expected to trade at R14.58 to the US dollar…
In today's Saxo Morning Call our experts assess the state of financial markets after a chaotic day that saw GBPUSD plunge almost 2% amid political chaos and serial resignations in Britain over Theresa May's proposed Brexit deal.
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As a South African, much of your wealth - either business or personal - is going to be impacted by currency movements.
If you are able to crack the export market , you can benefit from Rand weakness but if you're having to import goods and services , you will find that currency fluctuations will play…
Today's edition of the Saxo Morning Call features Saxo Bank Head of Commodity Strategy Ole Hansen and technical analyst Kim Cramer Larsson discussing the US dollar, rising yields, and where they see the global outlook as Q4 progresses.
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The South African Rand has been particularly volatile in 2018 as concerns around Emerging Market economies have increased and the US has gradually begun to lift interest rates.
This graph maps the South African Rand against the US dollar (Black), British Pound (Orange), the Euro (Blue) and Aussie Dollar (Red) over 12 months.
According to the Trading…
South African business owners and investors are very sensitive to currency movements, particularly if they are invested in the JSE or importing / exporting goods and services.
The Rand is one of the most volatile and liquid currencies in the world and is particularly sensitive to political developments and capital flows. Since the announcement that Cyril…