Investments

 

Rand creeps lower vs. EUR, USD and GBP

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While there’s been plenty of World Cup drama this week (mostly focused on VAR controversy) the rand has been having a less exciting few days.

But while ZAR hasn’t experienced a significant shift since the weekend, it has still edged lower against the US dollar, euro and pound.

Today’s high-profile US reports, including the nation’s trade balance and durable goods orders data, could have a modest impact on the rand, with upbeat data potentially undermining the emerging-market currency.

But we’ll also be looking ahead to tomorrow and the first South African data of the week. SA’s producer price index is expected to come in at 0.4% on the month and 4.3% on the year.

Latest Rates
USD/ZAR 13.54
GBP/ZAR 17.93
EUR/ZAR 15.80
ZAR/JPY 8.11
CNY/ZAR 2.05
AUD/ZAR 10.01
CHF/ZAR 13.67
AED/ZAR 3.68
SGD/ZAR 9.94
NOK/ZAR 1.
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New fears on the horizon

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China’s previously announced tariff on US products came into effect yesterday with more than 120 US products being affected.

The introduction of the 15% tariff could spark fresh fears of a trade war amongst global markets. On the topic of 15%, yesterday also saw the increase of VAT and with fuel levies set to be implemented tomorrow, consumers are set to be in the firing line.

It’s a quiet start to the week on the data front following the lengthy Easter weekend break. This weekend also saw the sad passing Winnie Madikizela-Mandela at the age of 81. Have a great week all.

Today’s Rate

USD/ZAR 11.8181
GBP/ZAR 16.6298
EUR/ZAR 14.5701
ZAR/JPY 8.9673
CNY/ZAR 1.8780
AUD/ZAR 9.1026
CHF/ZAR 12.3780
AED/ZAR 3.2180
SGD/ZAR 9.0165
NOK/ZAR 1.4984
EUR/USD 1.2332
GBP/USD 1.4078
GBP/EUR 1.1415

All rates quoted are the interbank rates at time of publishing and shown for indicative purposes only. It is importa
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Z-Day has arrived for Rand!

The countdown has begun as Zuma’s days as President appear to be numbered with the ANC NEC meeting later today.

After the long wait and numerous speculation “Patience” is still key. USD/ZAR opens below 12/$ as EM Markets remain strong regardless of the volatility in global stock markets.

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Bitcoin Policies Should Protect Investors, Not ‘Feed the Frenzy,’ Ex-FDIC Chair Bair

Former FDIC Chairwoman Sheila Bair also thinks that governments should not “make their own value judgments about Bitcoin.” Former US Federal Deposit Insurance Corporation (FDIC) Chairperson Sheila Bair has recently commented that the Bitcoin policies created by governments should protect the investors rather than ‘feed the frenzy’ over the cryptocurrencies. The opinion comes from Bair’s […]
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Japanese Banking Giant Wants To Prevent Another Mt. Gox

Leading Japanese trust bank Mitsubishi UFJ Trust and Banking is poised to launch a system that will protect investors who use cryptocurrency exchanges. Japan’s Mitsubishi UFJ Trust and Banking is preparing to launch a service that will protect cryptocurrency holders if the exchanges they use shut down or are hacked, reports Japan-based online publication Nikkei..
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Bitcoin is Investopedia’s Term of the Year: Surge in Demand

Bitcoin, the most valuable cryptocurrency and decentralized store of value with a $270 bln market cap, has been named Investopedia’s 2017 Term of the Year. Bitcoin, the most valuable cryptocurrency and decentralized store of value with a $270 bln market cap, has been named Investopedia’s 2017 Term of the Year. Most popular keyword Based on..
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