CD South Africa: Burning the midnight oil
Currencies Direct June 25th 2015 - < 1 minute read
Greek talks went on late into last night and started this morning before we even got out of bed. A deal is expected by the week’s end; nevertheless, global markets have reacted negatively to the lack of progress.
The rand has managed to hold its own with the economy being boosted by large bond inflows. In the US, the upward revision of Q1 GDP from -0.7% to -0.2% confirmed that the economy has performed better than initially thought.
It’s a quiet day on the data front so sit back and relax as we wind down to the weekend.
Commentary by Justin Lodewyk