The Rand recently strengthened to R17.16 per US dollar, a level not seen since January 2023. The weakening of the dollar, improved local economic factors, and China’s announcement of a significant economic injection all contribute to this exchange rate movement. The Brent crude oil price is currently at R71.63 per barrel. Tensions in the Middle East have escalated, with Israel …
The Rand has strengthened to R17.9 per US dollar, approximately at the same level as in March 2023. However, we expect the Rand to trade sideways for another week until the interest rate announcements are made. The Brent crude oil price is trading lower at $71.4 per barrel. Since last Monday, the Brent crude oil price has decreased by …
The Rand stayed on a stronger level of R17.87 per U.S. dollar and is hovering at over one-year highs mostly due to a weakening dollar and the increased likelihood of an interest rate cut in September. Brent crude oil futures traded lower on $77.06 per barrel on Monday, as OPEC’s plan to increase production next quarter weighed on the …
The Rand has strengthened to R17.75 per US dollar. Last week, the head of the Federal Reserve Bank noted that the US inflation rate has moved closer to the 2% mark, which has brought a lot of optimism that interest rate cuts might occur on September 18, causing the Dollar to weaken and the Rand to strengthen. Local inflation figures …
The Rand has strengthened to R17.78 per U.S. dollar and is at its strongest level since mid-July due to a weakened dollar and the increased likelihood of an interest rate cut in September. Local economists expect a 25 basis point cut in September and again in November, with inflation at its lowest in the past six months. Local investors are …
The Rand is currently at R18.20 per US dollar. The Rand has strengthened over the past few days due to investors fearing that China and the US might enter a recession, as well as geopolitical conflict in the Middle East. International investors have given up on the idea of an emergency rate cut in the US but are still very …
The Rand is currently at R18.18 per US dollar. The Rand has been in a downward trend over the past few weeks, where we’ve reached lower highs each time. However, it now appears that the Rand is moving sideways within the band of R18 and R18.50. The Brent crude oil price has further decreased to $77.90 per barrel. Brent crude …
The Rand is currently at R18.34 per US dollar. New figures from the US PCE price index, which indicates their inflation rates, were released last week and support the expectation that the US Federal Reserve will lower their interest rates in September. However, they have a meeting this coming Wednesday, and it will be very interesting to see if we …
The Rand is currently at R18.26 per US Dollar. Our local interest rates were left unchanged last week as expected, and I think we will only see a decline once the Americans lower their interest rates. However, some economists expect that we could see a decline as early as September, but unfortunately, inflation remains stubbornly high at 5.2%. The …
The latest Brent oil price has dropped to $86 per barrel. The latest unemployment figures have raised concerns about the weakening US economy, which could negatively impact oil demand as they are the world’s largest oil consumer. Meanwhile, investors are also monitoring the impact that Tropical Storm Beryl could have, potentially limiting oil availability in the region. However, this …
Showing 1–10 of 56 results
