Rand Rally

  • How to trade the rand rally in 2018...
  • When Cyril Ramaphosa managed to defeat Nkosazana Dlamini-Zuma and the Jacob Zuma faction for the position of ANC president, the rand went crazy. It moved stronger by more than 10% versus the US dollar and was the world's best performing currency over the last month. I do not argue the relief felt after the Ramaphosa win is unwarranted.   I will however say that this one change wi... ››› more
  • [11 January 2018]
  • The rand rallies after the Fed's statement about interest rates
  • Last night, the rand managed to strengthen back under R12.00/$. This came following the release of the Federal Reserve's policy statement. Over the past few months, speculation has been growing as to when the US central bank will start hiking interest rates. This has seen investors turning to the dollar, causing it to strengthen strongly. But this morning, the rand has given up some of last ... ››› more
  • [19 March 2015]
  • After a wobble the rand gains against the dollar
  • Yesterday, following the announcement by the Reserve Bank that it was raising interest rates by 25 basis points, the rand rallied. But the rally was short-lived as a Malaysian airliner came down over Ukraine and tensions continued to mount in Israel. But the rand has recovered this afternoon. Let's take a closer look at what's going on… The rand looks slightly more attractive to traders Inve... ››› more
  • [18 July 2014]
  • The rand took a boost from the Reserve Bank's interest rates decision yesterday
  • The rand rallied after Reserve Bank governor Gill Marcus announced that the monetary policy committee (MPC) decided to keep interest rates unchanged. Some analysts thought the rand would weaken if rates didn't rise, but the opposite was true. Let's take a closer look at what led to the rand's rally… The rand looks set to end the week higher The rand was trading “slightly weaker against ... ››› more
  • [23 May 2014]

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