The Rand rallied against almost all major developed and emerging market currencies Tuesday while extending a week-long run against the greenback, but the rally has raised the stakes over Wednesday's budget, which is now even more of a downside risk to the currency. 

October 27,2020

The South African economy is increasingly expected to have rebounded strongly in the third-quarter but with the Rand remaining close to its highest levels since the pandemic began, the currency risks falling sharply if debt forecasts contained in October’s budget are taken badly by the market.

October 21,2020

The Rand turned back off an October road to recovery on Wednesday's as global risk appetite softened but renewed market focus on a litany of domestic challenges could see the South African currency headed back toward the lower end of a multi-month range in the coming weeks. 

October 14,2020

The Rand advanced on major currencies Tuesday even as the U.S. Dollar clawed back earlier losses to many of its rivals, with the South African currency edging higher alongside the Chinese Yuan, although gains may be increasingly difficult to sustain ahead of the nearing October medium-term budget statement. 

October 13,2020

The South African Rand's ongoing recovery against the British Pound and other major developed market currencies is seen extending over the short-term courtesy of a supportive technical configurations, meanwhile analysts at Goldman Sachs say the demand by investors for high-yielding and high-risk financial assets should also aid further gains.

October 13,2020

There are four paths the South African government can take the country and its economy, with two of these paths being positive for the Rand according to new research conducted by economists at RBC Capital Markets.

October 5,2020

The Rand was in retreat from all major developed and emerging market rivals on Friday as investors flocked to safe-haven assets after President Donald Trump confirmed he’s contracted the coronavirus, while analysts forecasts suggest South Africa’s currency may have topped out for the year ahead of a likely rollercoaster final quarter.

October 2,2020

The Rand continued its recovery off September lows on Tuesday and is still widely expected to clock up further gains before year-end although volatility could increase over the coming days as investors digest the first of three U.S. election debates and its possible implications for the November 03 ballot.

September 29,2020