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Weaker Rand

  • Good news…All main exchanges are on the up!
  • JSE up 3,3% Last week the JSE recovered from an oversold position to close the week with a gain of 3,3%. Financials gained 4,8% and Industrials were up 3,7%. Resources managed a gain of 1,5%. DAX up 6,6%, CAC up 5.2%. European markets breathed a sigh of relief as the Italian referendum failed, the Dax gained 6,6% and the CAC 5,2%. Italy was up 7,3% and Spain put in 6,5% US Markets... ››› more
  • [13 December 2016]
  • South Africa will know its ratings fate on Friday - Here's what it means for you
  • Standard & Poor's and Fitch ratings agencies is expected to give their verdict on the country's rating by the end of this week. The financial analysts at FSPInvest believe that a downgrade to junk status is inevitable. Even if this doesn't happen this month, it will happen before the end of 2016. Here's what will happen to the economy and your investment portfolio if the downgrade does happ... ››› more
  • [01 June 2016]
  • Pressure mounts on the rand in the run up to the release of US jobs data
  • After flirting close to R14 to the dollar yesterday, the rand continues to feel the strain on emerging market currencies. Later today, the US Labour Department will release its non-farm payrolls. If data comes out better than expected, the rand could be under further strain as it increases the chance of a US interest rate hike next month. Let's take a closer look… The rand is fee... ››› more
  • [06 November 2015]
  • The rand takes a knock on the prospect of a US interest rate hike next month
  • This week, the rand has continued to weaken. A stronger dollar is putting hefty pressure on the local currency. Not helping matters was US Federal Reserve chairwoman Janet Yellen's comments last night about the likelihood of an interest rate hike in the world's largest economy next month. So why is this such bad news for the rand? Let's take a closer look… The dollar’s strength ... ››› more
  • [05 November 2015]
  • Producer inflation rises on the back of higher food prices
  • Earlier today, Stats SA released its producer inflation figures for September. The data showed a slight rise in the key economic indicator compared to the same period last year. Yet lower fuel prices helped to offset a larger rise. Let's take a closer look at what the data revealed… Producer inflation rose to 3.6% Producer inflation, as measured by the producer price index (PPI... ››› more
  • [29 October 2015]
  • The rand feels the heat as the Fed signals it may hike US interest rates in December
  • The rand has certainly not had a good year, continuing to weaken against major currencies. One major bugbear for the local currency is the raising of rates in the US. Until yesterday, the US Federal Reserve hadn't given any strong signals that a hike was going to happen. But this all changed as the Fed indicated that a hike could happen when the Federal Open Market Committee meets again in Dece... ››› more
  • [29 October 2015]
  • Why the mini budget sent the rand nearly 2% weaker
  • Yesterday, finance minister Nhlanhla Nene gave his medium-term budget address. From the time he began his speech to the end of it, the rand lost almost 2% against the dollar. So why did the currency react so badly? Let's take a closer look… The rand weakened sharply The rand weakened “from R13.27 against the dollar before the mini budget to R13.52 shortly” afterwards, repor... ››› more
  • [22 October 2015]
  • The rand loses ground as China reports a sharp fall in imports
  • The rand had staged a bit of a comeback over the past week or so as analysts expect the US to only hike interest rates next year. But it was all change for the local currency this morning as it took a knock after the release of import and export data from China. Let's take a closer look at what's going on… Chinese imports slide over 20% This morning, the rand was under pressure as... ››› more
  • [13 October 2015]
  • After a brief relief rally, the rand suffers as traders seek safety
  • Last Thursday, the US Federal Reserve announced it was keeping interest rates on hold again. The rand and other emerging market currencies responded well to the news as the dollar weakened. But after hitting a three week high, the rand is once again on the back foot as speculation grows again about when the Fed will in fact raise rates. Let's take a closer look… The rand couldn’... ››› more
  • [21 September 2015]
  • Three ways to hedge yourself against a weaker rand
  • This year so far, the rand is down over 10% against the dollar. It's a similar story with the currency's performance against the euro and the pound. It looks like the rand is far from out of the woods yet. So if you haven't hedged yourself against the rand's fall, what can you do now? Read on to find out… Rand hedge #1: Hold foreign currency You can hedge yourself against the r... ››› more
  • [19 August 2015]
  • The rand claws back after China's surprise devaluation of the yuan
  • The rand hit 14 year lows against the dollar this week following China's shock decision to devalue its currency in a bid to boost its export market. The step by the Chinese central bank led the rand along with other emerging market currencies to weaken sharply. It also led to sharp falls in global stock markets. But today, after reassurances from the People's Bank of China, the rand has mana... ››› more
  • [13 August 2015]
  • The rand slides as China devalues the yuan for a second day
  • The rand has continued to weaken after China devalued the yuan for a second consecutive day. The local currency traded to levels not seen since 2001. Let's take a closer look at what's going on… Today China depreciated the yuan by 1.6% The People’s Bank of China devalued the yuan by “a further 1.6%” today, reports BDLive. This comes a day after the bank devalued the currency... ››› more
  • [12 August 2015]
  • Could the petrol price be set to fall at the beginning of August?
  • The oil price has come down over the month so far. This is raising hopes that the petrol price will follow after hikes over the past few months. But the Automobile Association (AA) warns against motorists pinning hopes on the petrol price coming down as the rand continues to trade at weak levels against the dollar. Let's take a closer look at what could lie in store for the price of petrol a... ››› more
  • [21 July 2015]
  • The rand continues weaker after Greece votes ‘no' in its bailout referendum
  • The rand is trading weaker this morning following yesterday's bailout referendum in Greece. This comes after the local unit lost ground on Friday thanks to the release of poor domestic economic data. Let's take a closer look at what's going on… The rand ticks lower against the dollar The rand slid weaker this morning “as the Eurozone crisis deepened” following a rejection of ... ››› more
  • [06 July 2015]
  • The rand trades close to R12.40/$ as investors worry about what tomorrow will bring
  • The rand has continued to ebb weaker this week. The local currency is now trading near three-month lows. The latest slip by the rand relates to the release of US non-farm payroll numbers along with an announcement by Fitch about SA's credit rating tomorrow. Let's take a closer look at what's going on… The rand continues to slip weaker The rand continues to rack up losses “agains... ››› more
  • [04 June 2015]
  • The rand slides as poor domestic data take its toll
  • Yesterday, the rand shed more than 1% after the release of two critical economic indicators. Domestic economic growth figures disappointed. And unemployment figures showed a stark rise. Not helping the local unit was a stronger dollar, which benefited from a positive durable goods report. Let's take a closer look at what's going on… The rand slips well past R12 to the dollar Th... ››› more
  • [27 May 2015]
  • The rand falters as the US again hints to an interest rate hike later in the year
  • The rand has come under some pressure this morning following comments by the chairwoman of the US Federal Reserve at the end of last week. On Friday, Ms Yellen hinted that interest rates could be on their way in 2015. This put the rand under pressure again. Investors are also waiting for the release of South African economic growth data, due out tomorrow. Let's take a closer look at what'... ››› more
  • [25 May 2015]
  • The rand is under pressure as strong housing data boosts the greenback
  • The rand is continuing its journey weaker against the dollar. Over the past few trading days, the local currency is feeling the effects of the dollar picking up momentum. Yesterday, strong housing data out of the US provided the dollar with further impetus. The rand is hovering close to R12/$ again. Let's take a closer look at what's going on… The rand continues to weaken F... ››› more
  • [20 May 2015]
  • The rand is weakening again after receiving a boost off poor US jobs data
  • On Friday, the Labour Department in the US released its non-farm payroll data. The data disappointed, which hit the dollar. The rand initially benefitted from the weaker dollar, but as the dollar regains its footing, the rand is already losing ground. Let's take a closer look at what's going on… The dollar dipped on the back of a poor jobs report The US jobs report is a key indica... ››› more
  • [07 April 2015]
  • The rand weakens under selling pressure as worries grow over a ratings downgrade
  • Yesterday, the rand hit a low not seen for over two-weeks as credit ratings agency Fitch said that South Africa could see its investment rating downgraded. This put heavy pressure on the local currency. Let's take a closer look at what's going on… The rand slid through R11.80/$ Yesterday afternoon, the rand fell to R11.8175 to the dollar, reports Fin24. This followed Fitch’s war... ››› more
  • [04 March 2015]
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