Peregrine Treasury Solutions

17 Jul 18

Rand Steady as Market Awaits CPI Data, Repo Rate Decision Later in Week

After strengthening on Monday, the rand was steady in early trade on Tuesday, as local markets awaited the release of the Consumer Price Index data on Wednesday and the repo rate decision by the SA Reserve bank on Thursday. The local currency opened at 13.22/$ and was trading at R13.23 to the greenback at 11:05.

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16 Jul 18

Rand Firms to Under R13.20/$ in Early Trade

Bianca Botes of Peregrine Treasury Solutions said in a morning note that the rand had not yet reacted to weekend news that President Cyril Ramaphosa had secured billions of dollars in investment during his trip to three oil-producing countries. Ramaphosa rounded off his visit with Saudi Arabia and the United Arab Emirates each pledging $10bn in investment.

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11 Jul 18

Rand’s Performance In 2018: From Riches To Rags

It has been a turbulent year so far for the rand, rapidly transforming from one of the best performing currencies to one of the worst all in the space of six months. The rand began 2018 flexing its muscles, climbing steadily from strength to strength throughout the first quarter as markets cheered positive developments in the local political environment.

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04 Jul 18

Rand Steady as US Celebrates Fourth of July

The rand was steady against the dollar on Wednesday, after opening at R13.67 to the greenback. "We expect a quiet day in the forex markets Wednesday as the US celebrates Independence Day," said Bianca Botes of Peregrine Treasury Solutions.

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03 Jul 18

Rand Firms Against Dollar in Early Trade

The rand firmed in early trade on Tuesday morning against the dollar, strengthening 0.5% to trade at R13.75/$ at 09:54. The dollar index, which tracks the dollar's relative strength against a basket of currencies of its major trading partners, was marginally weaker on Tuesday, down 0.1% at 94.78 at 09:34

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