The ZAR weakened on the back of Risk off sentiment following unrest in China.
The ZAR reached 16.9000, before reversing on the back of profit taking ahead of the SARB MPC.
The ZAR gained on the back of higher SA CPI and Dovish Fed minutes to trade below R17/$ for the first time since 13 Sept 2023.
The ZAR strengthened as Risk appetite returned to markets ahead of the US FOMC minutes.
The ZAR range traded ahead of this week’s FOMC minutes as well as Thursday SARB MPC rate decision.
The ZAR strengthened to reach 17.2000 in Friday trading on the back of positive Risk sentiment.
The ZAR weakened on the back of hawkish comments from Fed governors who raised the terminal Fed funds to between 5 & 7 %.
The ZAR range traded between 17.2000 and 17.4000 as markets try to digest lower than US inflation numbers and Geo political risks.
The ZAR strengthened on the back of lower than expected US PPI data, before sharply reversing following the Russian missile in Poland.
The ZAR consolidated recent gains versus the Dollar to in a narrow range ahead of the US PPI release.
The ZAR strengthened on Friday on the back of increased appetite for Risk assets following the weaker than expected US CPI report.
The ZAR gained 2.8% on the back of Risk on buying following a lower than expected US CPI data release.
The ZAR remained range bound ahead of today’s KEY US CPI data.
The ZAR traded to the bottom end of Monday range, briefly reaching 17.6600 on the back of positive risk sentiment and a weakening Dollar.
The ZAR bucked the global “yield” trend and strengthened to 17.6800 on optimism the Fed will reduce its hawkish stance.
The ZAR gained 2.88% after a stronger than expected NFP report, but higher US unemployment rate that printed at 3.7%.
The ZAR weakened to 18.5000 after the FOMC rate decision before recovering to 18.3000 on the back of USA Risk rally.
The ZAR weakened after the Fed hiked 75 bps and Powell confirmed the interest rates have some way to go to bring inflation under control.
The ZAR traded in a wide range after initially gaining on the back of positive risk sentiment before reversing later in the session.
The ZAR gained on the back of Risk On sentiment after major US banks hinted of the potential for a FED pivot in Q1 2023.
The Rand weakened on the back of negative Risk sentiment after US yields traded higher following strong US economic data.
The ZAR traded stronger to once again reach 17.8700 after US GDP data.
The ZAR strengthened sharply on the back of improved global risk sentiment and market “friendly” SA MTBPS.
The ZAR strengthened after initial session weakness after the global risk rally continued.
The ZAR defied global risk sentiment on the back of portfolio hedging (buying USD), ahead of the SA medium term budget policy announcement.
The ZAR strengthened dramatically from 18.5300 to reach 18.0300, after the BOJ intervened in the Yen FX market.
The ZAR continued to weaken in the face of a stronger Dollar, rising yields and general Risk off sentiment
The ZAR weakened on the back of global risk off, following a sharp spike in Global yields.
The ZAR trading lower after a Dollar rebound following another spike in Treasury yields.
RISK ON: The ZAR tracking global markets higher as stocks rebounded following stronger than expected corporate earnings.
The ZAR traded weaker on Friday, following a relief rally on Thursday, after investors grappled with inflationary concerns.
The ZAR endured a volatile session following the release of the US CPI, that came in hotter than expected.
The ZAR weakened on the back of higher than expected US PPI data , as well as Hawkish Fed minutes from the September meeting.
The ZAR traded in a wide range ahead of tonight’s FOMC minutes , PPI and most importantly tomorrow’s US CPI data.
The ZAR traded in a narrow but weaker range after the release of the US jobs report on Friday.
The ZAR weakened on the back of a stronger than expected US jobs report resulting in global Risk Off.
The ZAR weakened to 18.0100 on the back of Risk aversion as traders exited Dollar “shorts” ahead of today’s NFP report.
The ZAR lost some ground after traders booked profits on risk assets, with stocks and EMFX retreating.
The ZAR continued to strengthen on the back of improved global risk sentiment after US stocks continued to power ahead.
The ZAR gained 1.65% on the back of improved global risk sentiment after the UK government scrapped their controversial tax plans.
The ZAR once again maintained trading inside the wider range of 18.2200 – 17.8000, as market participants await new information.
The ZAR traded in a relatively subdued range vs previous session as markets flipped between Risk On & Off after the BOE QE decision.
The ZAR strengthened dramatically, gaining 2.3% after the BOE stepped in with more QE to stabilise UK bond markets.
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The ZAR weakened in New York trading after staging a bit of recovery in early European trading following improved risk sentiment in Asian.
The ZAR recovered in Asian trading after a bounce in Eastern stock markets.
The ZAR weakened past R18.0000 /$ on the back of global risk off sentiment and a UK Pound dropping to record lows.
The traded in a wide range from 17.7900 to 17.4400 before and post the SARB MPC rate decision.
The ZAR traded in a wide range following the FOMC rates decision, closing near the weakest end of its range at R17.7500/$.
The ZAR consolidated around the R17.70/$ level ahead of today’s key US FOMC rate decision.