d0b33
Honorary Master
I meant having HM the Queen as our head of state!
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The ZAR Exchange Rate Thread
- Thread starter Robin Hood
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cr@zydude
Honorary Master
That's extremely unlikely to happen now. Keeping the monarch was possible, but putting it back now is all but impossible.
Johnatan56
Honorary Master
The_Traveller
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15.5 by Monday?
Cage Rattler
Expert Member
Timing wasn't bad ... (posted 3 June)
US stock crash/correction coming.. just not sure that will do for rand.. last for around 2008/9 was followed by printing press but this one they did that 1st due to pandemic.
Gonna be interesting to see how this plays out. It’s like the bases are loaded and we waiting to see how the dice land.
Gonna be interesting to see how this plays out. It’s like the bases are loaded and we waiting to see how the dice land.
Johnatan56
Honorary Master
Completely disagree there, market did better than expected, unemployment claims in the US are going down, etc., don't think we'll see anything until a small bubble burst around Q3 probs as people will over invest as gains were too high and then freak out and sell a bit, don't think it will be 2008 level.
Rand will probably weaken a bit, but think internal politics due to election year will be more impactful this year probably.
BBSA
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Lupus
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Yup it does :-( welcome to the volatile rand.
John Tempus
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I think this one coincide exactly with new lockdown 4. Investors getting tired, dumping the Rand now seeing things are likely not to improve anytime soon if at all.
cr@zydude
Honorary Master
USD is up almost 1% this week.
Johnatan56
Honorary Master
Spike is a bit too early for that:
It's more the dollar strengthening I think.
Though not saying Rand didn't weaken a bit as well.
Every time I have to pay an overseas invoice, it tanks. So I think it's me. Sorry guys.
Johnatan56
Honorary Master
Mind holding off on paying the next overseas invoice for a week?
On a more serious note, news of the day (16th June) when change happened:
Equity markets continued their upward trend last week. Global equities gained another 0.5% and are now up around 13% since the start of the year. The continuing gains, despite now being in traditionally the weakest time of the year for equities, can be largely put down to the bond markets.
10-year US Treasury yields fell 0.10% last week to 1.47% and are now down 0.30% from the high touched in late March following their spike higher in the first quarter. The recent decline is sizeable, particularly relative to the low level of yields, but the real surprise is that it has occurred despite the latest inflation news.
US Treasury yields surprise, dropping on inflation news
10-year US Treasury yields fell 0.10% last week to 1.47% and are now down 0.30% from the high touched in late March.www.thearmchairtrader.com
Don't worry, next big one is only due 1 September. So it should recover nicely now.Mind holding off on paying the next overseas invoice for a week?
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