Rand takes a beating

[BusinessTech]

Rand takes a beating

The rand continues to be flung around by external factors, the most prevalent of which is the imposition of a 30% tariff on exports to the United States.

 

[My_King]

At least the Rand is not taking Refentse on behalf of the tariffs.

 

[My_King]

Sigh, I need a break from the internet

 

[Moosedrool]

End of an era for the US dollar

End of an era for the US dollar The US dollar's 15-year run of relentless strength appears to be ending, with emerging market currencies like the rand set to benefit.

mybroadband.co.za

 

[xcaliber]

What beating?

 

[Lupus]

What beating?
View attachment 1838943

Gotta get those clicks

 

[notayoba]

Is it a beating for ants?

 

[N@t3]

Let it beat its meat.

 

[karnuffel]

If I have to guess, this tariffs mess has been priced in already. No one expected our government to actually sort this out.

 

[ISP cash cow]

After hitting as high as R18.35 to the dollar after the tariffs were confirmed on Friday, the rand pulled back to around the R18.00/$ level on Monday.

There is no beating. I expect some fluctuation at the end of this week when the tariffs actually come in but I don't think it is going to be dramatic.

Will be interesting to see if the tariff charges take a hit on the US economy again, like it did last time, as I don't think Trump has as many "deals" as he was expecting to have.

But it could be a nice time to do a dump and pump again for his companies for a period of time.

 

[Segg]

Broadmedias reporting quality is the reason I have add blockers active on their websites.

The forum is what keeps me coming back, not the clickbait/ragebait reporting.

This topic is an example of that.