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The Sable International Rand Report

 

 

USD-ZAR AT THE TIME OF THIS REPORT: 13.8722   

RANGE FOR THE DAY: 13.70/14.0000

 

EUR-ZAR 16.4110 | GBP-ZAR 18.4688 | AUD-ZAR 10.5662

EUR-USD 1.18288 | GBP-USD 1.33121

NEWS HEADLINES

  • High noon is fast approaching for the Rand and the South African economy. With the ratings agencies set to deliver judgement on our credit ratingtomorrow, and with the SARB releasing its MPC minutes today, markets have turned watchful.
  • The South African bond market is pricing in a lot of domestic risk and uncertainty. It also appears that the persistent slow down in inflation may be nearing its end. With this in mind, it is unlikely that the SARB will make any move on the interest rate. Keeping rates on hold should be Rand-positive.



MARKET HEADLINES


Investec Daily Outlook 23 November 2017


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