💹 Major Currency Snapshot: USDZAR: 18.67EURZAR: 21.50GBPZAR: 25.04 Introduction: This week’s semi-annual meetings of the International Monetary Fund and World Bank Group in Washington are overshadowed by concerns over President Trump’s tariffs and their potential to trigger trade wars. Finance leaders are primarily focused on negotiating trade deals and mitigating the negative economic impacts of […]
💹 Major Currency Snapshot: USDZAR: 18.87EURZAR: 21.38GBPZAR: 24.91 Introduction: Global financial markets are currently navigating a landscape marked by uncertainty stemming from US trade policies and ongoing negotiations, particularly between the US and Japan. This environment has led to mixed performance in equity markets and a weakening of the US dollar as investors react to
PFS Market Sentiment Podcast – USD Losing Strength, Foreign Investor Outflows Read More »
💹 Major Currency Snapshot: USDZAR: 18.82EURZAR: 21.40GBPZAR: 24.91 Introduction: Contrasting economic and political developments. In South Africa, a proposed VAT increase is causing political tensions within the governing coalition, while globally, revised trade forecasts and US tariff policies are creating market volatility and affecting various sectors. These global uncertainties and the weakening dollar are, however,
💹 Major Currency Snapshot: USDZAR: 19.03EURZAR: 21.64GBPZAR: 25.26 Introduction: Relations between South Africa and the United States have been strained due to policy issues under President Donald Trump, including the imposition of tariffs and criticism of South Africa. Despite these tensions, South Africa is actively participating in international forums like the G20, where it currently
💹 Major Currency Snapshot: USDZAR: 18.99EURZAR: 21.43GBPZAR: 25.12 Introduction: US President Donald Trump’s aggressive trade tariffs, particularly those imposed on China, have generated significant global economic uncertainty and the potential for a global recession. This situation has far-reaching implications, affecting international trade, currency valuations like the South African rand and the US dollar, and the
PFS Market Sentiment Podcast – SARB Interest Rate, Trump Tariff Trade War Against China Read More »
💹 Major Currency Snapshot: USDZAR: 18.85EURZAR: 21.39GBPZAR: 24.89 Introduction: Recent developments indicate a significant downturn in the relationship between the United States and South Africa. A new bill in the US Congress proposes a review of this bilateral relationship and the identification of South African officials for potential economic sanctions due to concerns over corruption
PFS MarketSentiment Podcast – Rand And SA Under Scrutiny By US, Sanctions? Read More »
💹 Major Currency Snapshot: USDZAR: 18.86EURZAR: 21.43GBPZAR: 24.87 Introduction: Recent fluctuations in the value of the South African rand against the US dollar have been influenced by a combination of global factors, particularly US trade policies, and domestic political developments related to the Government of National Unity (GNU). Both the easing of US tariff threats
PFS Market Sentiment Podcast – Rand Stages Comeback, Risk Premium Stabilizes, GNU Read More »
💹 Major Currency Snapshot: USDZAR: 19.01EURZAR: 21.62GBPZAR: 24.93 Introduction: The ANC is facing significant pressure to abandon its proposed VAT increase due to strong opposition from coalition partners and other political parties within South Africa’s Government of National Unity. This domestic fiscal challenge unfolds against a backdrop of considerable global economic uncertainty, largely stemming from
💹 Major Currency Snapshot: USDZAR: 19.54EURZAR: 21.86GBPZAR: 25.31 Introduction: Amidst fluctuating global markets, United States President Donald Trump implemented and subsequently paused reciprocal tariffs, creating both turmoil and opportunities for trade partners like South Africa. South Africa now faces a critical 90-day window to negotiate a better tariff deal with the US, particularly concerning its
💹 Major Currency Snapshot: USDZAR: 19.27EURZAR: 21.14GBPZAR: 24.78 Introduction: On Thursday, markets experienced a mix of reactions following U.S. President Donald Trump’s announcement of a temporary pause on tariffs for many countries while simultaneously increasing tariffs on China. This development came after a period of significant market volatility triggered by escalating trade tensions and the