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CD South Africa: Second wind for the rand

Just like that, the local unit is on the front foot as it starts off this morning below the 13.50/$ support level.

CD South Africa: Second wind for the rand

Global growth concerns as central banks meet

With the UK economy showing signs of cooling off, tomorrow Mark Carney will be under pressure to provide suggestions as to how inflation can be increased before any decisions can be taken on the timing of an interest rate rise in the UK.

CD South Africa: Rand losing momentum

Weak US non-farm payrolls on 2 October continue to have an effect, as the rand strengthened all the way to 13.55/$ yesterday.

Weak US jobs numbers push dollar down

A big miss on Friday’s US non-farm payroll numbers sent the US dollar lower across the market, and the Greenback remains under pressure as we start the week.

US dollar focus stays on US job numbers

Today is the first Friday of the month, which means US non-payrolls are out this afternoon. Market focus remains on when the US Federal Reserve will raise interest rates.

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