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Shares / Re: The Rand
« on: August 29, 2016, 05:18:43 pm »
Impossible to call. Is the current weakening of the ZAR due to Zuma/Hawks and Gordhan saga? Will the ZAR continue to decline until that saga is done and dusted then gain to sub 13 again?
We must also take into account that talk by the FED about increasing interest rates has given the USD a boost and the ZAR has not really weakened as much as it appears to have done. The ZAR stood still today but the USD gained 1,4%.
I would not buy GBP or EUR due to the uncertainty of Brexit and the migrant crises. The USD and YEN would be safer in my personal view.
We must also take into account that talk by the FED about increasing interest rates has given the USD a boost and the ZAR has not really weakened as much as it appears to have done. The ZAR stood still today but the USD gained 1,4%.
I would not buy GBP or EUR due to the uncertainty of Brexit and the migrant crises. The USD and YEN would be safer in my personal view.