Given South Africa's exposure to China, the rand has been hit hard by the US election result and what it will mean for the Chinese economy and world trade next year, ING’s Chris Turner notes.
Given South Africa's exposure to China, the rand has been hit hard by the US election result and what it will mean for the Chinese economy and world trade next year, ING’s Chris Turner notes. USD/ZAR is trading above the one-month 17.75 target “Unlike some other EM economies, however, South Africa has less of an inflation problem with both headline and core inflation largely within the central bank's target range.
This is allowing the South African Reserve Bank to ease interest rates in an orderly manner and the market is expecting another 25bp rate cut today. This would take the policy rate to 7.75%.” “Were it not for the threat of Trump 2.0, we would be a little bullish on the rand. Relatively high real interest rates in South Africa and some improvements in the domestic economy – better electricity supply is helping business confidence – should be helping the rand.
Southafrica Banks Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prince William attends his Earthshot environment awards in South AfricaPrince William wore white biodegradable sneakers as he walked the “green carpet” at his Earthshot Prize environmental awards ceremony in South Africa
Read more »
Prince William Randomly Hung Out With Heidi Klum During His Trip to South AfricaPrince William was joined by supermodel Heidi Klum for a barbecue by the sea in South Africa following the 2024 Earthshot Prize Awards.
Read more »
4,000 miners cut off from supplies in underground standoff over illegal mining in South AfricaSouth Africa's government says it will let thousands of illegal miners starve until they accept their fate and emerge from an abandoned shaft to face arrest.
Read more »
South Africa’s government says it won’t help the illegal miners inside a closed mineSouth Africa’s government says it won’t help a group of illegal miners inside a closed mine in the country’s North West province who have been denied access to basic supplies as part of an official strategy against illegal mining.
Read more »
Prince William Emotionally Revisits Proposing to Princess Kate During South Africa VisitAmy Mackelden is a contributing editor at Marie Claire, where she covers celebrity and royal family news. She was the weekend editor at Harper’s BAZAAR for three years, where she covered breaking celebrity and entertainment news, royal stories, fashion, beauty, and politics.
Read more »
South Africa Says It Won't Help Illegal Miners Inside Closed MineIllegal mining continues to be widespread in South Africa, where miners enter abandoned shafts to search for remaining deposits.
Read more »