The ZAR Exchange Rate Thread

[Ho3n3r]

Any chance this also had a bit to do with it?

http://mybroadband.co.za/vb/showthr...-Africa’s-ICT-industry-launched-–-the-details

 

[The_Ogre]

Good thing I have DBXEURO50(+1%), DBXFT100 (+1%) and DBX USA(+3.3%) in my TFSA. So my gamble with these three as a hedge is helping as my portffolio actually increased by 1.2%

 

[Thor]

Good thing I have DBXEURO50(+1%), DBXFT100 (+1%) and DBX USA(+3.3%) in my TFSA. So my gamble with these three as a hedge is helping as my portffolio actually increased by 1.2%

Same here

And Global property

 

[genetic]

Any chance this also had a bit to do with it?

http://mybroadband.co.za/vb/showthr...-Africa’s-ICT-industry-launched-–-the-details

Do you not think that global markets have an affect?

“Amongst the CEEMEAs, the South African Rand is leading losses followed closely by the Turkish lira and the Russian ruble. All those currencies are high yielders and usually react the most to a shift in market sentiment to risk-off mode, especially the rand and the lira,” says Piotr Matys at Rabobank in London.

https://www.poundsterlinglive.com/zar/5712-south-african-rand-battered

 

[RVQ]

RAND LOSES 3% AGAINST DOLLAR AS SHOCK SUBSIDES AFTER TRUMP POLL VICTORY

 

[Drunkard #1]

And just before Alibaba day.

 

[d0b33]

Strengthening now that Zuma is safe?

Edit: nope.

 

[krycor]

Dropped because Trump planning on dropping tax but spending on infrastructure.. ie debt & inflation going up.. interest rates will go up too

 

[Aquila ka Hecate]

Dropped because Trump planning on dropping tax but spending on infrastructure.. ie debt & inflation going up.. interest rates will go up too

Oh. I thought it was just because he's an orange baboon.

 

[xumwun]

Good thing I have DBXEURO50(+1%), DBXFT100 (+1%) and DBX USA(+3.3%) in my TFSA. So my gamble with these three as a hedge is helping as my portffolio actually increased by 1.2%

DBXWD also up 4%

 

[*SynergyX*]

currency looking like dogs breakfast...downgrade being priced in?

 

[Necropolis]

currency looking like dogs breakfast...downgrade being priced in?

Trump's election causing uncertainty in the markets.

Which causes the fragile rand to tank, unfortunately.

 

[Lupus]

Scary drops this morning, just as I was getting used to the Pound being R16 or thereabouts it shoots all the way up to R18.

 

[Drifter]

It's because of the biggest Super moon in 68 years.

 

[*SynergyX*]

Trump's election causing uncertainty in the markets.

Which causes the fragile rand to tank, unfortunately.

more than that i think...retailers and banks taking the biggest knock.

 

[Lupus]

It's because of the biggest Super moon in 68 years.

When the moon hits the sky, like a big pizza pie, that's when our currency cries.

 

[cerebus]

R14.34. Feels like the plane just lurched downwards.

 

[CAPS LOCK]

Bleak Xmas shopping if this trend continues.

 

[Mephisto_Helix]

pound was R16 something just last week, now it's over R18 .......... too over this shytehole

 

[FrankieK]

more than that i think...retailers and banks taking the biggest knock.

All emerging markets getting slaughtered together with their currencies. Rand, Malaysian Ringgit et al. Biggest issue seems to be the spike in bond yields because of uncertainty over Trump and his future relationship with China.

http://www.investing.com/rates-bonds/world-government-bonds