rand report

ZAR Strengthens amid global tensions 

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The South African rand demonstrated significant strength this past week, largely influenced by international factors and global market sentiments. The rise in tensions between Israel and Iran, particularly expectations of Iranian retaliation against Israeli airstrikes, initially heightened market concerns. However, these fears subsided later in the week when Iranian officials clarified that no such retaliation … Read more

Weak USD and strong gold boosts ZAR

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 Over the past week, the South African rand (ZAR) increased significantly against both the USD and the British Pound (GBP). The currency was mostly driven by a weaker USD and a robust gold price. Local data was muted and nothing significant happened on the local front. Meaning that the rand movement was influenced by international affairs.  … Read more