• Swissquote UUIIFXBR

    The South Africa’s rand made a flat start to the week before partially pairing gains as Europe stepped in. USDZAR rebounded from 12.0192 (a stone’s throw lower than Fib 61.8% on Feb-Mar rally, 12.05) as Friday’s USD sell-off has perhaps been the final USD bearish wave post-FOMC. Chairwoman Yellen’s objective is to have the market watching the hand with dovish terms (soft

  • James Boston

    The South African Reserve Bank (SARB) has shied away from a moderately expected hike in it’s base interest rate as it completes it’s last monetary policy meeting of the year. Barring any unforeseen emergencies the country’s key interest rate will end 2014 at 5.75% this is 75 basis points above where it began the year

  • James Boston
    Forex » ZAR Weaker On Lower Inflation Data
    James Boston - October 22, 2014, 09:13 GMT

    The South African Reserve Bank (SARB) will no doubt feel some easing of pressure following the publication this morning of the September inflation figures for the economy. The year on year Consumer Price Index (CPI) has undergone a welcome half point fall from 6.40% in August to 5.90% in September, this exceeded the expectation for

  • James Boston

    There is no material improvement in the South African unemployment situation this month according to statistics just released. The figures for the second quarter of this year show the unemployment rate to now stand at 25.5%, this is in comparison to a Q1 rate of 25.2% and a consensus estimate of 25.4%. South Africa has

  • James Boston
    Forex » Rate Rise In South Africa
    James Boston - July 17, 2014, 13:41 GMT

    The South African Reserve Bank (SARB) has announced that it will raise it’s key interest rate this month by 25bps to 5.75%. The last time that the Bank raised this rate was a hike of 50 basis points in January. The International Monetary Fund (IMF) in a statement on the country last week warned that