The ZAR Exchange Rate Thread

[Pho3nix]

Ugh, R13.24/$. Zuma rekking his bek again?!

USD gaining strength. Look at the price of gold as well.

 

[Pho3nix]

No the dollar gained some grounds due to the possible interest rate hike and investors are a bit cautious of investing in emerging markets, also the lower than expected GDP rates didn't help :-(

Wasn't the interest rate dovish? People are expecting it but would think NFP rally is causing all the strength?

 

[Lupus]

Wasn't the interest rate dovish? People are expecting it but would think NFP rally is causing all the strength?

Possibly that, last I saw it was related to the US interest rate hike strengthening it.

 

[genetic]

Ugh, R13.24/$. Zuma rekking his bek again?!

You do realise that there is more to the world than your Zuma bubble?

The rand has finally succumbed to dollar strength as the US unit gained momentum against most of its peers on the back of remarkably strong US employment numbers for February.

Emerging market currencies felt the brunt

http://www.fin24.com/Markets/Currencies/rand-buckles-under-dollar-strength-20170309

 

[Swa]

Ugh, R13.24/$. Zuma rekking his bek again?!

European central bank interest rate announcement that's due. Also our negative GDP can't help. Expect it to get even worse by Wednesday's Fed rate announcement.

I wish people would stop focusing on Zuma as if he's so important that he rules the world.

 

[Pho3nix]

]European central bank interest[/B] rate announcement that's due. Also our negative GDP can't help. Expect it to get even worse by Wednesday's Fed rate announcement.

I wish people would stop focusing on Zuma as if he's so important that he rules the world.

How is EU interest rate effecting the USDZAR

 

[Weblord]

How is EU interest rate effecting the USDZAR

It won't affect the USD-ZAR at all.

 

[sox63]

It won't affect the USD-ZAR at all.

Technically it would if they announced an increase in interest rate. Money would flow from emerging markets like ours and the ZAR would be weaker across the board

 

[Swa]

How is EU interest rate effecting the USDZAR

It affects the valuation of all emerging market currencies.

 

[Swa]

Rate hike to 1%

 

[JayM]

Rate hike to 1%

USD=R12.85

 

[biometrics]

 

[Swa]

USD=R12.85

I don't get it.

 

[JayM]

I don't get it.

Market had maybe expected more than just 1%?

 

[biometrics]

I don't get it.

 

[Swa]

View attachment 423900

Yep completely flabbergasting.

 

[d0b33]

More rate hikes expected too so expect a stronger rand.

 

[RogueTr00per]

Rate hike to 1%

I live under a rock, is that in the USA?
fin24 tells me nothing...

 

[supersunbird]

I live under a rock, is that in the USA?
fin24 tells me nothing...

Yes, US Fed hiked interest rate to 1%.

 

[ScottulusMaximus]

Yes, US Fed hiked interest rate to 1%.

How in the world does that strengthen the rand? Surely people will move back to the dollar for the higher interest rate? Or are people taking it as a sign of a weakening US economy?