Rand expected to weaken

[Hanno Labuschagne]

Rand expected to weaken

The good news for the rand is that commodity prices are hovering near an eight-year high. The bad news is that raw materials matter less for South Africa’s currency than movements in U.S. Treasury yields.

The correlation between the Bloomberg Industrial Metals Sub-Index and the rand has weakened to 0.2, from a peak of 0.7 in February.

The inverse relationship with U.S. Treasury yields is much stronger, at almost 0.6, the most in in four years, according to data compiled by Bloomberg.

[Bloomberg]

 

[Binary_Bark]

 

[Norrad]

Still waiting for it to actually weaken. It's been orbiting R15 to the Dollar forever now. And rocketed up from its low of R19 to the Dollar when lockdown first started.

 

[BBSA]

Their assumption that Treasury yields is going to rise is wrong.

 

[Binary_Bark]

Their assumption that Treasury yields is going to rise is wrong.

The yield in pants pocket growth for the ANC criminal cadres will continue to increase

 

[Crimson & Blue]

Rand expected to weaken

The good news for the rand is that commodity prices are hovering near an eight-year high. The bad news is that raw materials matter less for South Africa’s currency than movements in U.S. Treasury yields.

The correlation between the Bloomberg Industrial Metals Sub-Index and the rand has weakened to 0.2, from a peak of 0.7 in February.

The inverse relationship with U.S. Treasury yields is much stronger, at almost 0.6, the most in in four years, according to data compiled by Bloomberg.

[Bloomberg]

About this time every year... Then back up in December.

 

[Sinbad]

Wait please.

 

[hippynox]

Would it be a good idea to put a small portion of your income into bitcoin then?

 

[Gtx Gaming]

just dropped to below 15

 

[BBSA]

just dropped to below 15