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In this week’s Currency Focus podcast, valuable pointers on where the rand is heading in relation to major currencies: Investors want higher interest rates but they aren’t coming – the US government has made that clear, but many aren’t listening, says currency strategist Andre Cilliers of TreasuryONE. That in turn, he notes, has implications for the value of currencies in relation to the US dollar, including the rand. In this in-depth interview, Cilliers shares his reading of global and domestic data and currents in the markets with BizNews. If you were listening to Cilliers on BizNew...

Why the rand’s rally under R14 to the dollar might not be over yet Bloomberg11 May 2021 Subscribe The rand’s 30% gain against the dollar since the height of the pandemic has outstripped emerging-market peers — and the rally may not be over yet. South Africa’s currency has recovered all its losses since it slumped to a record in April last year, and then some. Strong commodity prices and the global search for yield should support the narrative for further gains in coming months. Domestic fiscal metrics — though still far from healthy — are improving along with terms of trade, while...

Bond investors return After record outflows from South Africa’s bond market in the first four months of the year, last week’s disappointing US jobs numbers heralded a reprieve. Foreign investors bought a net R5.2 billion ($370 million) of South African government debt on Friday, the biggest in inflow since November, as the move lower in Treasury rates gave new impetus to the search for yield. Together with a healthy trade surplus fueled by rising commodity prices, those inflows could be rand-supportive in coming months. Technical cheer The dollar last week tested a pivotal area at R...

The strong rand has outperformed its emerging-market peers since the height of the pandemic. The rally may not be over yet thanks to booming commodity prices and the global search for yield. Also, foreigners are buying SA bonds again - which will support the currency  The rand’s 30% gain against the dollar since the height of the pandemic has outstripped emerging-market peers - and the rally may not be over yet. South Africa’s currency has recovered all its losses since it slumped to a record in April last year, and then some. Strong commodity prices and the global search for yield shoul...

Why a stronger rand may be here to stay The rand’s 30% gain against the dollar since the height of the pandemic has outstripped emerging-market peers — and the rally may not be over yet. South Africa’s currency has recovered all its losses since it slumped to a record in April last year, and then some. Strong commodity prices and the global search for yield should support the narrative for further gains in coming months. Domestic fiscal metrics — though still far from healthy — are improving along with terms of trade, while the government’s crackdown on corruption is also fu...