Daily Forex Market Wrap 2019-08-20

The ZAR remained range bound after trading at 15.4950 overnight, its weakest level since September 2018.

Daily Forex Market Wrap 2019-08-19

Another day where a lot of head shaking was in the order of the day with all EM's on the back foot as the market is...

Daily Forex Market Wrap 2019-08-18

After a week of great volatility today we had a very subdued day as we head off to the weekend.

Daily Forex Market Wrap 2019-08-15

The ZAR has seen range bound trading but not without volatility, as a choppy trading session within a 20c range draws to close.

Daily Forex Market Wrap 2019-08-14

The risk-off sentiment has crept back into markets and the ZAR finds itself above 15.40 at the time of writing.

Daily Forex Market Wrap 2019-08-13

A day that started off on the back foot, with the Rand and other EM's looking deflated and beaten certainly ended with a smile.

Daily Forex Market Wrap 2019-08-13

Another day of the Rand mostly leading the charge in the way weakest EM currency (Argentina is has surpassed the Rand this afternoon, after unexpected election...

Daily Forex Market Wrap 2019-08-07

Well, certainly a day of two halves, which started with the Rand drifting stronger against the US dollar and consolidating in the R14.80s.

Daily Forex Market Wrap 2019-08-06

The ZAR has been fairly rage bound during the local trading session but some late afternoon volatility has been spiked on the back off a Moody's...

Daily Forex Market Wrap 2019-08-05

China allowed the yuan to weaken to above the physiological level of 7.00 for the first time in more than a decade.

Daily Forex Market Wrap 2019-08-04

The Trump tariffs caused the ZAR to remain under pressure on Friday with the local unit over 4% down for the week. It is safe to...

Daily Forex Market Wrap 2019-08-01

So the day after the night before gave us much of the same than the Fed left us with last night. We have seen the Rand...

Daily Forex Market Wrap 2019-07-31

FOMC vote 8-2 to cuts fed funds rate for first time since 2008. Quarter-point drop brings rate down to range of 2% to 2.25%.

Daily Forex Market Wrap 2019-07-30

The ZAR remained range bound but not without any excitement. The local currency was sold during the cause of the morning and it tested close to...

Daily Forex Market Wrap 2019-07-29

While the Rand was predominantly on the back foot at the back end of last week with the good US GDP number and the Fitch rating...

Daily Forex Market Wrap 2019-07-26

The Rand saw a bit of depreciation today mostly as momentum from yesterday spilled over to today and the fact that the US 2nd Quarter GDP...

Daily Forex Market Wrap 2019-07-25

After days of tight range trading the Rand finally shown some vulnerability this afternoon when it shot up and broke the R14.00 level against the US...

Daily Forex Market Wrap 2019-07-24

Range bound, range bound and once again range bound. USDZAR still stuck within the R13.85 to R13.95 range with no real impetus.

Daily Forex Market Wrap 2019-07-23

The ZAR continues to drag along in the same range as seen over the past couple of days.

Daily Forex Market Wrap 2019-07-22

The USDZAR was on its own today, opening at R13.94 and strengthened throughout the day to currently trade at R13.85. The rest of the emerging market...

Daily Forex Market Wrap 2019-07-19

The ZAR benefited from a weaker dollar after Thursday night's Fed comments and tested the lower 13.80's during the course of Friday morning. The rally was...

Daily Forex Market Wrap 2019-07-18

The ZAR has been trading stronger since the MPC announcement that interest rates will be sliced by 25bps and that the repo rate will be at...

Daily Forex Market Wrap 2019-07-17

A rather unremarkable day for the Rand, as the Rand traded in a 5 cent range for the day. The Rand tried and failed to break...

Daily Forex Market Wrap 2019-07-16

The day began with the ZAR hovering around the low 13.90's and during the morning session, the pair traded lower to test 13.85 mark once again....

Daily Forex Market Wrap 2019-07-15

It was fairly lacklustre day in the market today, with the Rand edging toward the key R13.8500 level, after starting the day at R13.9500, but again...

Daily Forex Market Wrap 2019-07-13

We have seen a stronger US dollar this afternoon after the release of the Producer Price Index rose a seasonally adjusted 0.1% in June from a...

Daily Forex Market Wrap 2019-07-10

The Rand stayed in a very tight range up until the opening of the US markets, when comments from Fed Chairman Jerome Powell that the US...

Daily Forex Market Wrap 2019-07-11

The ZAR traded down to 13.87 in an event filled day as investors hunt for higher yield and the Eskom headline about a possible debt restructuring...

Daily Market Wrap 2019-07-05

Quite an interesting day we had with the Rand as the sentiment swings in the EM currency space and the Rand traded up to R14.2400. The...

Daily Market Wrap 2019-07-08

The Rand has held firm despite the US dollar being on the front foot after Friday's US non-farm print. The Rand has pushed a little stronger...

Daily Market Wrap 2019-07-09

The ZAR has remained in the same range over the past couple of days as markets wait upon the Fed to release their minutes of the...