Big week for the rand
Currencies Direct March 30th 2015 - < 1 minute read
The rand has never ended a month above 12/$ and if things were to stay that way, the currency has lots to do. SA trade balance figures will be released tomorrow, with room for movement either way. The rand like all its emerging market peers is still tracking the EUR/USD and looks set to continue that trend this week. Friday's US non farm payrolls and unemployment data release are the highlights for the week. On local shores, the price of petrol is set to increase by R1.62c per litre on Wednesday, so don't forget to fill up. Have a great week folks!
Commentary by Justin Lodewyk
Written by
Currencies Direct