The Rand lost significant ground again towards the end of last week due to the Reserve Bank’s decision to keep interest rates steady, currently trading at R18.90 per US dollar. Brent oil prices were highly volatile last week, ending at $82 per barrel due to concerns about lower demand overshadowing other factors.
The Rand initially weakened last week and then strengthened significantly, currently trading at R18.27 per US dollar. The stronger Rand is now driven by the weakening Dollar, as there is an expectation that their interest rates may move sideways, and the upward movement is now a thing of the past. Brent oil prices decreased to $81 per barrel due …
The Rand strengthened significantly last week, trading at R18.20 per dollar at one point. However, it has since weakened to R18.66. The Rand’s movement is currently driven by interest rate adjustments and expected adjustment both in America and locally. However, it appears that interest rates will likely remain unchanged over the short term. Brent oil prices are decreasing to $80 …
The Rand is trading much stronger and currently stands at R18.16 per US dollar, driven by a weaker US Dollar at the moment. The United States announced that they will not raise interest rates for now, which resulted in lower demand for the Dollar. Brent oil prices decreased to $86 per barrel, and concerns about the conflict in GAZA have …
The Rand is trading a bit stronger, currently at R18.83 per US dollar, with sideways interest rate adjustments expected in the United States this week. However, if it increases, the Rand may lose ground against the Dollar. Brent oil prices decreased to $89 per barrel, but the conflict in Gaza is keeping oil prices high at the moment. If it …
The Rand is currently trading at R19 per American dollar, with interest rates in the United States potentially remaining higher for longer and, therefore, providing support to the Dollar. The conflict in Gaza is also keeping all investors on their toes, as everyone is now watching whether the conflict will spread to the Middle East, which could mean higher oil …
The Rand is currently trading at R18.95 per US dollar and is receiving some support due to the expectation that our interest rates may stay at a high level for longer, and there might be further interest rate hikes if higher oil prices and more geopolitical conflicts keep our inflation above the Reserve Bank’s target. Load shedding, weak state finances, …
The Rand has weakened with the latest exchange rate at R19.44 per US dollar. Load shedding as well as weak economic growth prospects for South Africa continue to suppress the exchange rate. As the conflict in Israel escalates, it creates more global uncertainty, causing more investors to look to the US Dollar. This, combined with inflation and high interest rates …
The Rand traded sideways over the past week, with the latest exchange rate at R19.03 per US dollar. Load shedding, as well as weak economic growth prospects for South Africa, continue to put pressure on the exchange rate. The weaker exchange rate, along with higher oil prices, is expected to keep inflation and interest rates at current high levels this …
The Rand is trading at R18.76 per US dollar and both American and South African interest rates remained stable last week, as most analysts expected. However, cost-push inflation may remain at a high level due to higher fuel prices and the weaker Rand. Brent oil prices did decrease last week, now trading at $94 per barrel. This drop was driven …
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