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The rand extended its recent gains during yesterday's session, supported by a softer U.S. dollar and improving global risk sentiment

I had written much of the commentary below, yesterday morning, but with the increase in tensions in Iran/Hormuz my morning started off with a rather distressing bang

As mentioned yesterday, the rand was likely to trade in a very tight range unless there were any geopolitical events of note

Yesterday was a very subdued day of trading for the rand

On Friday, the rand had a subdued day prompted by the close of the US markets for Independence Day

A week since my last commentary and a lot of water being tread. Fortunately, no sharks have come for a nosey look yet, although it feels like they on the