Peregrine Treasury Solutions

05 Jun 18

Bumpy Ride Ahead for the Rand

Corporate treasury manager at Peregrine Treasury Solutions, Bianca Botes, said a rapidly tightening labour market in the US could see inflation come under pressure and add pressure to the US Federal Reserve to hike interest rates.

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30 May 18

Volatile Rand Makes up for Losses; Gains 1%

The local currency was trading 1% stronger against the greenback at 10:20. It opened the sessions at R12.69/$, and was changing hands at R12.56/$ by 10:20. "The market remains jittery and volatility can be expected throughout the day," said Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions.

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25 May 18

Rand Slips Ahead of S&P Ratings Call

The rand opened at R12.41/$ on Friday morning, following gains made along with other emerging market currencies against the US dollar on Thursday. By 12:47 the local currency was trading 0.44% weaker at R12.47 to the greenback, after earlier breaching the R12.50/$-level to trade at R12.51.

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22 May 18

The Rand Roars Back

The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) commences its bi-monthly meeting on Tuesday, to deliberate a suitable monetary policy stance that will see inflation anchored towards the middle of the inflation target range of 3%-6%. The MPC’s decision is expected to be announced on Thursday, 24 May.

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21 May 18

Rand at Its Weakest in 2018 – Analysts

The rand is trading on the back foot, given recent geopolitical developments. This has seen the US dollar soaring, and resulted in negative emerging market sentiment. The rand opened at R12.77/$ on Monday morning, already having been weaker during early Asian trade, according to a market update from NKC Economics.

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