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The Sable International Rand Report

USD-ZAR AT THE TIME OF THIS REPORT: 13.214 

RAGE FOR THE DAY: 13.10/4000

EUR-ZAR 15.5123 | GBP-ZAR 16.9974 | AUD-ZAR 10.4654 EUR-USD 1.17394 | GBP-USD 1.28648


NEWS HEADLINES

  • Inflation for July is due to be released today. The CPI print is expected to have continued going down. Consensus has July’s print coming in at 4.7% y/y from June’s 5.1% y/y.
  • Internationally, the ECB is meeting and it will likely give some indication as to when QE will begin winding down. Economists are predicting EM currencies, including the Rand, to weaken against the Euro in the coming days.


MARKET HEADLINES


Investec Daily Outlook 21 August 2017


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