The rand move stronger against the dollar after repo decision 2019-09-19

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The rand move stronger against the dollar after repo decision 2019-09-19

Published Date: 2019-09-20 | Source: TreasuryONE | Author: TreasuryONE Dealing

The rand did not really move in the early session after the FED cut rates by 25 basis points on Wednesday night. We saw the rand move stronger against the dollar after the SARB announced an unchanged repo rate but it later lost ground to trade at its pre MPC levels. Brazil cut rates to a record low of 5.5%. The rand remains range bound as we await fresh impetus internationally for a more significant move

Currencies

USDZAR 14.6823
EURUSD 1.1055
EURZAR 16.2232
GBPUSD 1.2487
GBPZAR 18.3247
AUDZAR 9.9746
CADZAR 11.0546
CNYZAR 2.0679
ZARJPY 7.3540
CHFZAR 14.7755

Commodities

Gold 1 500.39
Plat 939.99
Plad 1 623.74
Rhod 4 890.00
Irid 1 470.00
Ruth 248.00
Copp 5 758.35
Brent 64.45
Gold ZAR 22 018.16
Plat ZAR 13 794.35

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