Slowing rate of spread of Coronavirus tempered by rising number of deaths which turned markets cautious
The positive sentiment that prevailed in markets for most of yesterday dissipated late in New York as a touch of risk aversion returned.
SARB cut its growth forecasts for 2020 and 2021 due to the impact of the COVID-19 pandemic and the current lockdown
The Reserve Bank’s bi-annual monetary policy review presented yesterday painted a dismal picture of the economic outlook for the country.
SARB cut its growth forecasts due to Covid-19
The Reserve Bank’s bi-annual monetary policy review presented yesterday painted a dismal picture of the economic outlook for the country. The SARB cut its growth forecasts for 2020
Revised Up, Up and ….
To say that the last couple of weeks have been unprecedented could be the understatement of the year. The Rand has been in a record-breaking mood and not in a good sort of mood.
ZAR is now almost 40% weaker
It is certainly not any good news on the currency front at this stage. See the graph. ZAR is now almost 40% weaker than at the start of 2020. On Friday evening Fitch downgraded South Africa’s l
All eyes will be on the US unemployment number as well as the non-farm payrolls number out this afternoon
All eyes will be on the US unemployment number as well as the non-farm payrolls number
Another dismal day for the Rand
Another dismal day for the Rand yesterday which closed at a record 18.2188 last night after selling off in New York. Investment banks and hedge funds are shying away from EM assets
South Africa record trade surplus
Markets turned negative in New York last night with Wall Street closing down, Gold falling 3.1% and EM currencies giving back their gains of the day.