The ZAR Exchange Rate Thread #2

[Priapus]

View attachment 1811153

 

[duckgray]

Why is the USD/ZAR doing so well today? ZAR has recovered drastically.

 

[RogueTr00per]

Why is the USD/ZAR doing so well today? ZAR has recovered drastically.

Perhaps due to the supposed ceasefire between Israel and Iran?

edit: Same trend vs the Indian Rupee, so potential end to the war bodes well for emerging market sentiment.

USD vs Rupee:

 

[LazyLion]

Trump’s war against Jerome Powell is crushing the value of the U.S. dollar | Fortune

The dollar has lost 10.48% of its value against other currencies on the DXY index, year to date.

fortune.com

 

[airborne]

Trump’s war against Jerome Powell is crushing the value of the U.S. dollar | Fortune

The dollar has lost 10.48% of its value against other currencies on the DXY index, year to date.

fortune.com

View attachment 1831034

Very unusual, it’s one thing playing around with Americas political system but if Trump manages to make the dollar unattractive that'll bite hard.
"The dollar has lost 10.48% of its value against other currencies on the DXY index, year to date. Currencies usually move against each other in fractions of a percent, so that’s a relatively massive collapse in value. The dollar was down 0.55% this morning, at the time of writing"

 

[RogueTr00per]

What happened yesterday?

 

[Scooby_Doo]

What happened yesterday?

US stock market took a dive, and people rushed to safe currencies.

 

[BBSA]

What happened yesterday?

Trump tweeted about new tariffs on China.

 

[LazyLion]

Stocks, dollar tumble; Trump says he will raise China tariffs to 100%

Stocks fell sharply on Friday, with the S&P 500 and Nasdaq suffering their biggest one-day percentage declines since April 10, while Treasury yields dropped and the U.S. dollar weakened as comments by President Donald Trump reignited worries over a U.S.-China trade war.

www.reuters.com

 

[LazyLion]

 

[Matata]

View attachment 1873104

I wish Someone could say that this is market manipulation lol.

 

[Swa]

I wish Someone could say that this is market manipulation lol.

Trump manipulation.

 

[lexity]

Fiat currencies are mass manipulators' wet dream.

It's in the name:

fiat: 'by decree'

 

[Vox Populi Vox Dei]

https://twitter.com/x/status/2015706294397612166

Orange Man making the comrades look like they have an idea about how to run an economy.

 

[LazyLion]

 

[Vox Populi Vox Dei]

 

[Oldfut]

On balance what does this mean for the SA economy? In USD, imports in ZAR are theoretically more affordable, external investment into SA in USD less so, exports less attractive; all USD. Oil is up so Feb fuel prices may actually increase (duh). Some company earnings are up (miners) so maybe bonuses in these sectors will be good and tax revenue will increase (but still be squandered ). What to expect?

 

[Segg]

Anything Dollar Denominated becomes cheaper (fuel and other commodities being the big ones)
Anything Rand Denominated becomes more expensive (exports)

This is straight out of Trumps T1 playbook, devalue the dollar and stimulate American exports

Whether he does it intentionally or not I have no idea

 

[saturnz]

Anything Dollar Denominated becomes cheaper (fuel and other commodities being the big ones)
Anything Rand Denominated becomes more expensive (exports)

This is straight out of Trumps T1 playbook, devalue the dollar and stimulate American exports

Whether he does it intentionally or not I have no idea

what exactly do they export?

 

[purrr]

what exactly do they export?

Weapons