CD South Africa: Local GDP, freshly baked with new recipe!
Currencies Direct November 25th 2014 - < 1 minute read
High yielding currencies gave back some buying power yesterday, generously tipping scales in the favour of SA's export community again. Greenback opens up at 11.03 against the rand this morning and EUR/ZAR is back up at 13.70. Our local GDP is one of today's calendar highlights, and what makes it even more special is that the new formula used includes previously omitted data from the informal sector. Lastly, may we remind you that it's only one month before Christmas! You might want to start dropping hints for x-mas pressies to make sure you capitalise in that market as well!
Commentary by Currencies Direct SA Dealing Desk