The ZAR Exchange Rate Thread

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Cutting through 12.74 at times on trading platform and staying relatively strong all day so far. News 24 reports 12.77 currently
 
If it hadn't been for current prolonged US dollar weakness the zar would be teetering on the abyss. Now it doesn't matter how many downgrades we get or whether people open their mouths or not . As long as emerging markets continue to Offer good returns investors will continue to flock to emerging markets and the Rand won't lose much.
 
Hosehead said:
If it hadn't been for current prolonged US dollar weakness the zar would be teetering on the abyss. Now it doesn't matter how many downgrades we get or whether people open their mouths or not . As long as emerging markets continue to Offer good returns investors will continue to flock to emerging markets and the Rand won't lose much.
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You're bluffing yourself if you don't think it's a race to the bottom for everyone.
 
I wonder what happened to the people who thought the rand would be well over R14 by now.
 
LOL, if any of us could regularly 'predict' ZAR movements, we would not be ****ing around on myadsl.
 
It's the mining charter that forced a bigger % black ownership.. what's interesting is how subdued the impact was in the rand.. I think a telling sign that the rand mines already mostly closed/closing
 
Ho3n3r said:
R13.60 to the Dollar.

Slippery slope at the moment.
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Yip, it's hurting...

13.30 to 13.60 in 2 days, yet no "tanking" articles, hmmmmm. ANC 'policy" conference to thank, the amount of stupidity coming out of that is mind boggling.
 
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