The Rand is trading at R18.96 per US dollar, and this week, the US is expected to announce interest rate adjustments. Most believe it will remain unchanged, which may also keep our rates unchanged. However, we are experiencing cost-push inflation again, with oil prices rising significantly and load shedding negatively impacting the Rand. Brent oil prices increased sharply to $95 …
The Rand is trading a bit stronger at R19.02 per US dollar due to investors having more risk appetite increasing the demand for the Rand. Supply and demand continue to play a significant role in Brent oil prices, stabilizing at $90 per barrel on Monday morning. Lower global production still drives prices upward, while concerns about lower demand counteract the …
The Rand is currently trading at R18.77 per US dollar, which is slightly weaker than last week. The markets are now waiting for movements in both US and local figures that will determine growth, inflation, and interest rate change going forward. Brent oil prices broke through the price ceiling last week, with the latest price at $88.80 per barrel. Lower …
The Rand strengthened significantly over the weekend and is currently trading at R18.57 per US dollar after a lower-than-expected inflation rate provided the South African Reserve Bank with room to maintain its current interest rate stance. South Africa’s annual inflation rate fell further to a two-year low of 4.7% in July, which was below market forecasts of 5%. It is …
The Rand is currently trading at R19.04 per American dollar. The weaker Rand of the past few weeks is still due to the Dollar trading much stronger due to possible further interest rate hikes that could be announced soon. This could also cause our local interest rates to be adjusted upwards. However, the Chinese government has lowered interest rates to …
The Rand is currently trading at R18.96 per US dollar, which is in line with last week’s exchange rate. The weaker Rand over the past two weeks is still a result of the Dollar being much stronger. Brent oil prices have once again hovered around the $87 mark this past week, and we see that there is a lot of …
The Rand has significantly weakened in the past week and is now trading at R18.55 per US dollar. I believe this was due to the Dollar gaining support from the latest figures indicating that the US economy might not be as stagnant as previously thought, which raises the possibility of interest rate hikes being discussed. It will be interesting to …
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