Daily Market Commentary Flash Note – 15 October 2021
The rand has continued posting gains over the week thus far, trading to a best level around the 14,7000, although it is marginally weaker this morning.
Daily Market Commentary Flash Note – 14 October 2021
The rand again posted incremental gains over the course of the session to currently trade marginally below the 14,8000 level.
Daily Market Commentary Flash Note – 13 October 2021
The rand continues to trade around the 15,0000 level, with marginal recoveries sub-15,0000 thus far being short-lived.
Daily Market Commentary Flash Note – 12 October 2021
The rand continues to trade around the 15,0000 pivot, although any signs of strength from the local unit are being met with demand for USD.
Daily Market Commentary Flash Note – 11 October 2021
The rand, along with its emerging-market peers, remains vulnerable as the USD remains resilient and the view remains that the Fed is ready to taper asset purchases.
Daily Market Commentary Flash Note – 08 October 2021
The rand managed to post modest gains yesterday, but it again failed to consolidate these and this morning, it currently trades largely unchanged from yesterday.