Daily Dose

The rand continued its remarkable rally yesterday, that has now seen it gain over 30c against the US dollar in just the last two days.

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Daily Dose

Yesterday was all about $ strength and climbing US Treasury yields. The rand showed weakness, traded to 15.53 as a result, and then made a strong comeback

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Daily Dose

The rand has lost ground to a stronger dollar that got a lift from rising US Treasury yields ahead of next week’s Fed interest rate decision. From on open at 15.45/$,

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Daily Dose

The rand has continued to hold steady following the US holiday (Martin Luther King Jr Day) yesterday, with the local currency gaining a bit of ground against all three majors throughout the day before ending the day near its opening up levels.

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Daily Dose

On Friday, we saw the rand trading in a 15.45- 15.27 range, however it failed to consolidate the gains. Today, we have a US holiday which should also mean limited liquidity and we have opened higher (only against the $).

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Daily Dose

After recording two consecutive days of strong gains, the rand lost a bit of ground against the US dollar yesterday. From an open around 15.31/$, the local currency traded as high as 15.45/$ before settling down at 15.40/$.

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Daily Dose

The world held its breath for the US CPI release yesterday. The $ got clubbed across the board, as the figure was released as expected, at a 39 year high- 7% year on year. I think the market was maybe even relieved that the figure was not higher than the expectation

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Daily Dose

The rand is trading at best level since mid-December this morning (15.50/$), boosted by comments from US Fed Chair Jerome Powell that hinted that the central bank may take a less aggressive approach to easing its monetary policy than initially expected.

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Daily Dose

The rand continues to show its volatility with frequent 5 cent up and down moves within a couple of seconds becoming the norm.

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Daily Dose

The rand has made gains against the $, although in massive volatile trade, seeing a top of 16.08 and a bottom of 15.51 during the absence of the dose. These levels were almost seen in the same trading session

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