CD South Africa: Sign on the dotted line!

Currencies Direct June 23rd 2015 - < 1 minute read

It appears that Greece will be saved at the last minute… once again. The country’s new proposal has finally been realistic enough to generate a positive response from creditors. There’s new optimism in the markets as a deal could be struck as early as tomorrow. The rand has thrived on the back of the news, strengthening to 12.12/$ and 13.66/€.

Risk comes from the data calendar with; SA current account, EU manufacturing data and US new home sales and durable goods all released later today. Brace yourselves for what’s supposed to be quite a cold front coming in, brrr!

Commentary by Justin Lodewyk

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Currencies Direct

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