Peregrine Treasury Solutions

08 Feb 18

Rand on Back Foot Over JZ Uncertainty


As uncertainty over President Jacob Zuma’s fate continued, the rand started the day yesterday on the back foot before rebounding slightly against the dollar in late trade.

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30 Jan 18

Rand softer ahead of Eskom results release


The rand weakened yesterday as the dollar recovered and government bonds sold off, while investors waited anxiously for a results announcement by cash-strapped power utility Eskom today.

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29 Jan 18

Dire State of SA Still Impacts Rand Despite Ramaphosa Optimism


The rand will struggle to find the momentum to break meaningfully below the R11.80/$ target level, Bianca Botes of corporate treasury management at Peregrine Treasury Solutions said on Monday. The rand opened the week slightly weaker, trading above R11.90/$. By late afternoon it was up 1.01% at R11.96/$.

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29 Jan 18

South African Rand will Struggle to Break R11.80/$


The rand opened slightly weaker this morning, trading above R11.90/$, and will struggle to find the momentum to break meaningfully below the R11.80/$ target level. Factors driving current rand levels remain mostly the same as last week, namely continued strong commodity prices and a soft US dollar.

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29 Jan 18

Rand Weakens on Dollar Recovery


The rand weakened on Monday as the dollar recovered and government bonds sold off, while investors waited anxiously for a results announcement by cash-strapped power utility Eskom on Tuesday. At 1533 GMT, the rand traded at 11.93 per dollar, down 0.65% on the day. It gained over 2% against the dollar last week and is up 15% against the greenback since the start of last month.

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