CD South Africa: There go the rand’s gains

That had to be one of the shortest bouts of rand strength ever. US jobs data once again blew markets away, beating expectations by some margin. The result: markets have now priced in a 50% chance of a US interest rate rise by September, and a 100% chance by year-end. So if you were wondering why the rand lost 1.5% in a matter of minutes, that's it.

This week sees some interesting local events, including SA unemployment on Tuesday and President Jacob Zuma's eagerly anticipated State of the Nation address on Thursday evening. We hope your week is a prosperous one.   

Commentary by Gareth Frye