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Rand Weekly Summary (ZAR) The rand weakened over the week, with USD/ZAR moving from around R16.32/$ on 17 April to roughly R16.60/$ on 23 April.

Good morning, On the wires… Iran tightens control of Hormuz after US calls off renewed attacks. Ramokgopa pins hopes for cheaper power on new pricing policy. Chinese construction giant accused

My “daily” commentary has been whittled down to barely a one-a-week piece these days as the market fluctuates between headlines and flows.

The rand posted losses for the second consecutive session yesterday. The USD strengthened after Kevin Warsh’s confirmation hearing, where he stressed the importance of Fed policy independence (read Kyle’s comment

The main currency story remains global risk sentiment, with the rand trading as a classic risk-sensitive emerging-market currency – reacting quickly to shifts in Middle East tensions, oil prices and

On Friday, the rand had another relatively subdued trading day. Positive news that the Strait of Hormuz would be opened dominated markets in the afternoon session, and we saw the