Rand battles Eskom & Election jitters to end strong
Rather a sorry week for the Rand... Election jitters, Eskom and a stronger USD made for poor reading...
The clock is really ticking toward the finale of election time for the
ZAR momentum continues to roll on
Another interesting week in the markets as the Dollar continued to lose ground against the Rand...
...as did the Euro and Pound, as Brexit tensions reached an all time high.
It was
No #JunkStatus triggers ZAR relief
And before you can blink an eye, a quarter of the year has already slipped by...
It has been a strange year so far for the Rand - a real mixed
USD collapses and recovers in one wild Rand week
Firstly it was a turning of the tables, as the Rand overcame a number of key issues at home to rally hard against the Dollar!
And with some (apparent) bright news
Reserve Bank worries for the Rand...what next?
This week was one of the turning points in SA's history, you would have to say, as some of the most anticipated national issues were addressed.
Ramaphosa had a busy week,
Trade War 'trumps' the ZAR
A topsy-turvy week for the local currency saw a wide range of trade against the US Dollar, amidst a slew of events from the US side of the pond.
There was
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
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/$...
The headline from Fin24 said it all:
"Traders suddenly dare to believe in an emerging-market rally"
The Rand has kept on the front foot, very steadily and slowly over the last few
See-saw week sees the Rand back to square one
This was the week for the Rand!
What a turnaround, from the Turkey Crisis and the weeks following, which was just a few months ago. The market was soaring over R15/$,
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