The ZAR Exchange Rate Thread

[genetic]

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

And what about all other emerging markets taking a tanking at the moment too?

 

[akescpt]

**** sakes. Better buy my Damn tickets

 

[xumwun]

And what about all other emerging markets taking a tanking at the moment too?

For once it's not zumas fault.

 

[Verde]

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

Don't think uncertainty over Trump is the reason. The market seems very certain that US interest rates will go up due to Trump's promise to spend a trillion dollars on so called "infrastructure" (and thats just for starters) and use future generations as his piggy bank. He will be the first US president who believes that there is no problem if the US defaults on its debt.

Higher US interest rates = money flows out of emerging markets = tanking EM currencies.

 

[FrankieK]

Don't think uncertainty over Trump is the reason. The market seems very certain that US interest rates will go up due to Trump's promise to spend a trillion dollars on so called "infrastructure" (and thats just for starters) and use future generations as his piggy bank. He will be the first US president who believes that there is no problem if the US defaults on its debt.

Higher US interest rates = money flows out of emerging markets = tanking EM currencies.

I think it is all of the above. Trump wants to classify China as a currency manipulator and tariff them into submission. I'm sure this bond sell off, amongst other things, is a warning shot from them across his bow. Plus, he has to finance that expenditure somehow, all the while lowering tax. This guy is a loose cannon and can cause a major cork-up.

 

[Swa]

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

Funny how people think anything but the biggest event in the world can cause the turmoil.

 

[The_Traveller]

For once it's not zumas fault.

Wait till Mr. Eleventy opens his mouth again, we back in the R15 range ...

 

[FlashSA]

Wayne McCurrie from Ashburton sums it up nicely here - http://www.moneyweb.co.za/moneyweb-...il&utm_term=0_b106a40770-7ef8b3097b-141301501

The market turmoil is because Trump won and the markets had not anticipated that - even Trump was a bit surprised...

 

[Thor]

Wayne McCurrie from Ashburton sums it up nicely here - http://www.moneyweb.co.za/moneyweb-...il&utm_term=0_b106a40770-7ef8b3097b-141301501

The market turmoil is because Trump won and the markets had not anticipated that - even Trump was a bit surprised...

That's BS, US markets especially banks Goldman sacks to be precise is rocketing.


SA is fcked because Trump is going to fck China up and our government is in bed with them. That is why our markets are blood red.

The US is taking trump good, it even has a name and its called the Trump effect and its a bull.

Uncertainty over what will happen to China is what is causing our markers to react like they are doing over the past week.

 

[Swa]

Everything is uncertain because of Trump. Whenever there's uncertainty emerging markets take most of the brunt.

 

[satanboy]

And what about all other emerging markets taking a tanking at the moment too?

Yes, must be the ANC's fault again.

Some really retarded thinking around here (not referring to you).

 

[Verde]

That's BS, US markets especially banks Goldman sacks to be precise is rocketing.


SA is fcked because Trump is going to fck China up and our government is in bed with them. That is why our markets are blood red.

The US is taking trump good, it even has a name and its called the Trump effect and its a bull.

Uncertainty over what will happen to China is what is causing our markers to react like they are doing over the past week.

Nope - EM currencies are tanking due to higher expected interest rates in the US because Trump promised to be fiscally irresponsible. Graph shows Chinese Yuan unchanged, so nothing to do with China. China has been doing the exact opposite of what the moron Trump claims (they have been keeping their currency artificially strong the last 2 years not artificially weak). Declaring them currency manipulators will have zero effect, or hurt US interests if they allow the Yuan to free float.

US stock are up because a Republican government means less regulation, especially in the banking sector.

 

[Thor]

View attachment 400807

Nope - EM currencies are tanking due to higher expected interest rates in the US because Trump promised to be fiscally irresponsible. Graph shows Chinese Yuan unchanged, so nothing to do with China. China has been doing the exact opposite of what the moron Trump claims (they have been keeping their currency artificially strong the last 2 years not artificially weak). Declaring them currency manipulators will have zero effect, or hurt US interests if they allow the Yuan to free float.

US stock are up because a Republican government means less regulation, especially in the banking sector.

Uncertainty about China.

End of story

Don't believe me, tune into Bloomberg politics and open up your Bloomberg.com terminal I didn't make this up I'm quoting Bloomberg.com terminal

 

[HavocXphere]

I didn't make this up I'm quoting Bloomberg.com terminal

bwhahahahaha

 

[Thor]

bwhahahahaha

I'm dead serious

 

[HavocXphere]

I'm dead serious

You've got a 350k Bloomberg terminal?

 

[Thor]

You've got a 350k Bloomberg terminal?

1 doesn't cost 350k

2 yes we do.

3 you can sommer just tune into Bloomberg politics it's been discussed the past 3 days. To qoute directly so mister Cooper (Anderson Cooper) lots of uncertainty with China and what a label as currency manipulator will mean, emerging makets like South Africa down seem to take it well.


Interview continues

 

[CAPS LOCK]

1 doesn't cost 350k

2 yes we do.

3 you can sommer just tune into Bloomberg politics it's been discussed the past 3 days. To qoute directly so mister Cooper (Anderson Cooper) lots of uncertainty with China and what a label as currency manipulator will mean, emerging makets like South Africa down seem to take it well.


Interview continues

Keep us abreast. Thnx.

 

[Pho3nix]

1 doesn't cost 350k

2 yes we do.

3 you can sommer just tune into Bloomberg politics it's been discussed the past 3 days. To qoute directly so mister Cooper (Anderson Cooper) lots of uncertainty with China and what a label as currency manipulator will mean, emerging makets like South Africa down seem to take it well.


Interview continues

You know what a Bloomberg terminal is right?
1. It does cost 350k a month.
2. Doubtful.. pics?
3. Lol

 

[Johnatan56]

1 doesn't cost 350k

2 yes we do.

3 you can sommer just tune into Bloomberg politics it's been discussed the past 3 days. To qoute directly so mister Cooper (Anderson Cooper) lots of uncertainty with China and what a label as currency manipulator will mean, emerging makets like South Africa down seem to take it well.


Interview continues

You know what a Bloomberg terminal is right?
1. It does cost 350k a month.
2. Doubtful.. pics?
3. Lol

One google:

Price
For individuals who work at large financial institutions, the cost of either program is probably negligible. However, for higher education institutions, government agencies and small businesses, the costs are staggering. Bloomberg Terminal is the most expensive among financial data providers, costing $24,000 per year. For customers with two or more subscriptions Bloomberg charges $20,000 per year. By comparison, a fully loaded version of Eikon costs $1,800 per month, with a bare bones version costing a mere $300 per month.
http://www.investopedia.com/article...cial-news-comparison-bloomberg-vs-reuters.asp