Suid Afrika se nuutste miljoenêr is R17-miljoen werd! Aldus die SA lotery wat vasgestel het dat die wenner wat op 10 April getrek is, in Pretoria woon. Sy naam mag nie bekend gemaak word nie en hy het ook nog nie sy prys opgeëis nie.
SA se Nuutse Miljoenêr Het nog nie die R17 Miljoen Lotery Wen Opgeëis nie!
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Reserwebank Poog om Rentekoers Laag te Hou vir so Lank as Moontlik
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Die SA Reserwebank sien ruimte om die koerse nog vir ʼn tyd lank laag te hou in ʼn poging om die ekonomie te help om te herstel. Die Sentrale Bank wil graag die huidige koerse te handhaaf, maar kon nie bevestig hoe lank dit nog toegepas sal word nie.
Sakeondernemings verwelkom die standpunt van die Reserwe bank omdat hy rentekoerse vir so lank as wat daar ruimte voor is, om laag te hou. Dit kan bydrae daartoe dat die negatiewe uitwerking van die pandemie ietwat gouer kan herstel sal wees. Mits rentekoerse nie weer verhoog nie.
Die Reserwebank het die rentekoerse in die eerste maande van die pandemie geleidelik verminder tot ʼn totaal van 3% in ʼn poging om die ekonomie op alle terreine te ondersteun.
Tans is die rentekoers op ʼn rekord laagte met 3,5% en sakelui begin nou merk dat die geleidelike verbetering in die ekonomie kan lei tot verhoogde rentekoerse, en daarvoor het talle reeds begin om lenings terug te betaal om verhoogde koerse te v
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It’s still all about the US
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The local unit scored somewhat of a consolation goal on Friday (sorry Argentina fans), as global equities and EM markets ended the week stronger.
Eyes are still on the US though as June Fed minutes and job numbers will be out later this week. The data, coupled with escalating trade tensions between the US and China, could provide more volatility than the Spain vs. Russia penalty shootout.
On local shores, consumers are set to be hit with another sucker punch as the price of petrol is set to increase by 26c/litre. Combine this with higher municipal rates, taxes and electricity tariffs and you’ve got yourself an already overworked wallet. Have a great week and batten down the hatches if you’re in the Cape!
Latest Rates
USD/ZAR 13.83
GBP/ZAR 18.21
EUR/ZAR 16.09
ZAR/JPY 7.99
CNY/ZAR 2.07
AUD/ZAR 10.19
CHF/ZAR 13.95
AED/ZAR 3.76
SGD
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Are things ‘back on the bus’
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It’s all aboard the Trumplomacy bus, as President Trump offered China an olive branch yesterday, renewing hope that a ‘trade ‘war’ could be avoided.
The news momentarily helped emerging market gains, before violence in the Middle East put the rand on the back foot. Back home, Minister Gordhan continued his purge of corrupt state owned entity officials, firing the remaining Transnet board members. Yesterday also spelled the end of the nationwide bus strike, hopefully some relief for our roads!
Today’s Rate
USD/ZAR 12.4207
GBP/ZAR 16.797
EUR/ZAR 14.808
ZAR/JPY 8.862
CNY/ZAR 1.9514
AUD/ZAR 9.1668
CHF/ZAR 12.3654
AED/ZAR 3.3716
SGD/ZAR 9.2571
NOK/ZAR 1.551
EUR/USD 1.1924
GBP/USD 1.3525
GBP/EUR 1.1342
All rates quoted are the interbank rates at time of publishing and shown for indic
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The Rand Losts Its Ground
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The rand lost ground yesterday as SA lost out to exemption from the US steel and aluminum import tariffs (25% and 10% respectively).
An increase in the oil price and a stronger dollar added to the rands demise. The tone of tonight’s Fed interest rate decision (20h00) is one to keep an eye on. Even though a hike is not expected, any hints to future interest rate hikes and/or US inflation forecasts could see the market react.
EU GDP and unemployment figures released today (11h00) is also one to keep a look out for. Have a great day!
Today’s Rate
USD/ZAR 12.5989
GBP/ZAR 17.1505
EUR/ZAR 15.1303
ZAR/JPY 8.7198
CNY/ZAR 1.9818
AUD/ZAR 9.4657
CHF/ZAR 12.6592
AED/ZAR 3.4310
SGD/ZAR 9.4372
NOK/ZAR 1.5493
EUR/USD 1.2012
GBP/USD 1.3959
GBP/EUR 1.1437
All rates quoted are the interbank ra
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The rand strengthened overnight
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The rand strengthened overnight as the dollar weakened amidst peace talks between the North and South Korean leaders.
Risk-on sentiment prevailed as a nuclear-free Korean Peninsula looks likely in the near future (no doubt president Trump will take credit for this). The market now shifts attention to the US Feds hiking plans and the China VS US “trade war”. The Feds interest rate decision is released Wednesday with no hike expected in May, but hints to a June hike will be what the market will be looking out for.
Other data to keep an eye on this week; SA Trade balance today (14h00), EU GDP and unemployment (Wednesday), US Trade balance and EU inflation (Thursday), and US jobs numbers (Friday). Have a great day and please note our office will be closed tomorrow as we celebrate the well-deserved, Workers Day Public holiday!
Today’s Rate
USD/ZAR 12.4179
GBP/ZAR 17.0517
EUR/ZAR 15.0287
ZA
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Spike in “Black gold” rally stirs inflation fears.
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The recent spike in oil prices could fuel global inflationary pressures, which has bolstered the USD to a 2 week high.
Rising US bond yields and easing concerns over geopolitical risks has also positively weighed on the greenback as it open’s the day above 12.1/USD. Progress in US-China trade negotiations & North Korea to suspend its nuclear ambitions to focus on economic growth and peace, have somewhat eased global markets.
It’s a jam packed week ahead with US GDP figures; ECB monetary policy meeting; local consumer confidence and March inflation figures the highlights. Have a fantastic week folks…
Today’s Rate
USD/ZAR 12.1924
GBP/ZAR 17.077
EUR/ZAR 14.9663
ZAR/JPY 8.842
CNY/ZAR 1.93715
AUD/ZAR 9.3347
CHF/ZAR 12.5011
AED/ZAR 3.3049
SGD/ZAR 9.2806
NOK/ZAR 1.5528
EUR/USD 1.227
GBP/USD 1.3997
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The rand continues to trade side-ways against the USD
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First up is US consumer price inflation, which is expected to come in around 2.4% (ahead of the 2% target and fuelling interest rate increase fears).
The US Fed is next, where March’s meeting minutes should provide insight into how many interest rates hikes markets can expect for 2018/19. On the note of interest rate hikes, the US dollar index (USD vs a basket of global currencies) has weakened by 14% since December 2016 (the date US started raising interest rates)… economists will have to try hard to spin a story to explain that one.
A big shout out to SA’s Commonwealth Games Team, bagging 21 medals already!
Today’s Rate
USD/ZAR 12.0419
GBP/ZAR 17.1049
EUR/ZAR 14.8965
ZAR/JPY 8.8868
CNY/ZAR 1.9156
AUD/ZAR 9.3285
CHF/ZAR 12.5541
AED/ZAR 3.2789
SGD/ZAR 9.2005
NOK/ZAR 1.5499
EUR/USD
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Trade wars between US and China continues
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US and China tensions continues to grab the headlines, despite disappointing US jobs data Friday.
The US created 103k jobs in March, a far cry from the expected 188k, with unemployment remaining at 4.1%. Emerging markets have recovered slightly, with the rand hugging 12/$. President Trump called China’s bluff over the weekend, threatening another $100bn in tariffs.
This week is relatively light on data, with US CPI on Wednesday the highlight. Look for US CPI at 2.4%, with emerging markets likely to take a knock if this is the case. Locally, we’ll be eyeing public sector wage negotiations, with Union demanding CPI + 3%. It will be interesting to see how President Ramaphosa handles this hot potato. Have a great week folks.
Today’s Rate
USD/ZAR 12.0409
GBP/ZAR 16.9866
EUR/ZAR 14.7793
ZAR/JPY 8.8940
CNY/ZAR 1.9080
AUD/ZAR 9.2384
CHF/ZA
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Tit for tat:- Tariff increase of Chinese import products
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Following China’s 15% tariff on US products, ‘Merica hit back yesterday laying out plans to impose a 25% tariff on Chinese import products.
The tariff could see more than 1300 Chinese imports being effected totalling more than $50 billion. In response, China said it plans to implement the same trade measures against the US.
The result could see higher US product prices which will lead to the Fed hiking rates more aggressively in the coming years (not good news for the rand). On the calendar today, EU inflation figures are out at 11h00.
Today’s Rate
USD/ZAR 11.8541
GBP/ZAR 16.6787
EUR/ZAR 14.5459
ZAR/JPY 8.9999
CNY/ZAR 1.8817
AUD/ZAR 9.1162
CHF/ZAR 12.3621
AED/ZAR 3.2267
SGD/ZAR 9.0281
NOK/ZAR 1.5115
EUR/USD 1.2269
GBP/USD 1.4067
GBP/EUR 1.1465
All rates quoted are the interbank rates at time of publishing and shown for indicative purposes only. It is important to note that foreign exchange
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