Peregrine Treasury Solutions

19 Sep 18

Lower Inflation Eases Pressure On South Africa's Central Bank to Match EM Hikes


South African forward markets cut projections of a rate hike on Wednesday, after inflation fell, as investors bet the central bank would hold rates unlike some emerging market countries that have tightened policy to support weakening currencies.

Read More
19 Sep 18

Rand Firms as Inflation Data Reduces the Chance of an Interest Rate Hike


The rand firmed in afternoon trade on Wednesday, after Stats SA data showed that inflation grew at a slower rate of 4.9% in August on a year-on-year basis, from 5.1% in July. The median estimate of 18 economists in a Bloomberg Survey was 5.2%, while the August figure is from a 10-month high.

Read More
18 Sep 18

Rand Holds Firm Despite Developments in US-China Trade Dispute


The markets will be tuned to developments in the US-China trade dispute, said an economist. The US on Monday announced that it would levy 10% tariffs on additional Chinese imports worth $200bn which will come into effect next week. These tariffs are in addition to the tariffs in place for Chinese imports worth $50bn.

Read More
14 Sep 18

Rand Continues to Gain from Turkish Rate Hike


Bianca Botes of Peregrine Treasury Solutions said, “In the short term, we can certainly expect the rand to remain at these levels, however much downside risk still persists and the tone for the currency will be driven by our monetary policy and emerging market activity.

Read More
10 Sep 18

Rand Firms in Early Trade but Threats of Volatility Remain


The rand gained 0.4% against the greenback in early trade on Monday, continuing on from its good showing during the second half of last week. The local currency opened at R15.24/$ and was changing hands at R15.17/$ at 12:09. Last week Wednesday it threatened to break the R16.00/$ in the wake at the announcement by Stats SA that the country was in a technical recession, but firmed on Thursday and Friday on positive account deficit statistics and suggestions its rapid fall may have been overblown.

Read More