Top 10 Rates for Apr 06, 2017 as at 11:07 UTC South African Rand 1.00 ZAR inv. 1.00 ZAR US Dollar 0.072702 13.754693 Euro 0.068158 14.671764 British Pound 0.058356 17.136303 Indian Rupee 4.697814 0.212865 Australian Dollar 0.096166 10.398729 Canadian Dollar 0.097615 10.244324 Singapore Dollar 0.101864 9.816993 Swiss Franc 0.072943 13.709416 Malaysian Ringgit 0.322544 3.100348 Japanese.. Continue reading…
The rand took the day off yesterday with little movement seen over the local public holiday.Gold has been the big winner since the dollar weakened and sits at a 3-week high, as investors continue to sell equities and look to invest in less risky assets. Local Q4 current account figures are out later today and.. Continue reading…
USD Despite President Trump’s speech last night, we have seen the USD marginally stronger this morning, as US bonds somewhat weakened. Fed officials reiterated their hawkish stance last night, and there is now an 80% probability of a rate hike in March. In terms of economic data, Tuesday revealed mixed results. US Q4 GDP was.. Continue reading…
The euro lost ground against the dollar yesterday after polls suggested that the ‘right’ and ‘left’ camps will fight it out for the French Presidency in April. The weaker euro, coupled with concerns surrounding former Eskom CEO Brian Molefe’s move to Parliament (next stop Treasury?), Forex helped keep the local unit on the back foot… Continue reading…