Peregrine Treasury Solutions

11 Jan 18

Rand Slightly Weaker but Trades in Tight Ranges


The rand seemed to be in a state of confusion at the moment, said Peregrine Treasury analyst Bianca Botes. "Markets are also disappointed in Zuma escaping a much-anticipated recall by the governing party."

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11 Jan 18

Rand in a State of Confusion


The dollar had given up some ground yesterday following China’s announcement of a potential change in its US Treasury buying strategy, but quickly recovered, and the stronger USD and the continued Zuma saga continue to weigh on the rand. However, the rand is supported by stronger commodity prices and the afterglow of Cyril Ramaphosa’s NEC victory.

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11 Jan 18

How Politics Rocked the Rand in 2017


Forex trading specialist, Peregrine Treasury Solutions, has released a new report on the rand’s performance over the course of 2017. Few currencies could match the tumultuous rand over the course of 2017, with international factors such as the inauguration of Donald Trump, and internal factors including the firing of finance minister Pravin Gordhan and the appointment of Cyril Ramaphosa as ANC president contributing to the R2.04 price swing of the course of the year.

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08 Jan 18

Rand Strengthens on Cyril Ramaphosa Win


The rand strengthened significantly in the lead up to the ANC elective conference with markets speculating that Cyril Ramaphosa stood a good chance to win the presidency.

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03 Jan 18

Rand Rally Tapers off as Investors Take Profits, US Data


Bianca Botes of Peregrine Treasury Solutions said yesterday that the rand weakened after a strong start on Tuesday morning, from R12.30 to R12.51, before moving back to R12.36 at midday. “The rand is overbought at the moment partly owing to an overreaction to the Cyril Ramaphosa win, but it is likely to lose some ground as the afterglow wears off,” Botes said.

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