Posts Tagged ‘Rand’

Africa: FX Short-Term Gains To Fizzle Out

Fri Dec 19, 2008 17:18 GMT  | Leave a Comment

In line with my view of a renewed bounce in the US dollar (which is playing out really nicely, by the way), I believe that the recent gains of some sub-Saharan African currencies could be rather short-lived. Indeed, over at businessmonitor.com, I have been highlighting the potential for a rally in the Kenyan shilling, which… [Read more]

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Posted in: Africa, Currencies, Financials Leave a Comment

South Africa: Hungary For A Rate Hike?

Fri Oct 24, 2008 16:35 GMT  | 1 Comment

Having depreciated by more than 38% against the US dollar year-to-date, the South African rand remains one of the worst-performing, major EM currencies. Even the Brazilian real and the Turkish lira, down by 25% and 31% respectively, cannot match the rand’s disastrous performance. While strengthening from a six-and-a-half-year low of ZAR11.8550/US$ on October 22, the… [Read more]

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Posted in: Africa, Commodities, Currencies, Equities, Financials 1 Comment

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