💹 Major Currency Snapshot: USDZAR: 17.87EURZAR: 20.31GBPZAR: 24.21 Introduction: The US dollar is currently struggling, facing its longest losing streak since 2017, primarily due to concerns over potential increases in US debt from proposed tax cuts and unpredictable President Trump’s global tariff policies. This weakness in the dollar, combined with factors like a relatively high […]
💹 Major Currency Snapshot: USDZAR: 17.89EURZAR: 20.29GBPZAR: 24.13 Introduction: The weakening U.S. dollar, driven by concerns over fiscal health and increasing national debt, is influencing global markets. This trend has contributed to gains in emerging Asian currencies as investors show fading appetite for U.S. assets. Simultaneously, various countries, including South Africa, are navigating their own
💹 Major Currency Snapshot: USDZAR: 17.97EURZAR: 20.36GBPZAR: 24.12 Introduction: The recent global economic environment is characterized by significant concerns over US fiscal health, leading to rising Treasury yields, a weakening dollar, and a “Sell America” narrative that is pushing investors towards diversification, particularly into emerging markets. Simultaneously, European markets are showing resilience, supported by positive
💹 Major Currency Snapshot: USDZAR: 17.95EURZAR: 20.36GBPZAR: 24.16 Introduction: South Africa is currently at a critical economic juncture, marked by the Rand’s recent notable strength against the US Dollar. This appreciation is driven by positive domestic factors like moderating inflation, a stable Government of National Unity (GNU), and improving economic growth prospects, but faces significant
💹 Major Currency Snapshot: USDZAR: 18.11EURZAR: 20.38GBPZAR: 24.21 Introduction: The global economic landscape in May 2025 is facing significant uncertainty and instability, largely driven by U.S. trade policies and concerns regarding the U.S. dollar. Amidst this, South Africa is grappling with considerable domestic political turmoil and a deteriorating economic outlook, yet the rand has demonstrated
💹 Major Currency Snapshot: USDZAR: 18.03EURZAR: 20.19GBPZAR: 24.01 Introduction: Recent economic developments in South Africa are characterized by a strengthening rand and anticipation surrounding a potential lower inflation target, which is influencing the South African Reserve Bank’s cautious approach to interest rates. The country is also grappling with significant fiscal challenges, including high government debt
💹 Major Currency Snapshot: USDZAR: 18.04EURZAR: 20.22GBPZAR: 24.05 Introduction: Upcoming South African budget scheduled for May 21, 2025, detailing anticipated revenue measures like higher fuel and sin levies to address a significant budget deficit while avoiding a VAT increase. Concurrently, the sources discuss developments in global financial markets, noting the weakening US dollar driven by
PFS Market Sentiment Podcast – USD Weakness, Budget 3.0 Possible Tax Hikes Read More »
💹 Major Currency Snapshot: USDZAR: 18.24EURZAR: 20.45GBPZAR: 24.25 Introduction: The current state of global markets, particularly focusing on the temporary US-China tariff truce and its influence. It highlights the significant concerns surrounding the US’s growing national debt and budget tensions, which are impacting Treasury markets. Furthermore, it provides an overview of the strained relationship between
💹 Major Currency Snapshot: USDZAR: 18.26EURZAR: 20.41GBPZAR: 24.30 Introduction: South Africa’s official unemployment rate increased to 32.9% in the first quarter of 2025, up from 31.9% in the final quarter of 2024. This rise in unemployment data contributed to the weakening of the South African rand. Meanwhile, the United States and China agreed to slash
💹 Major Currency Snapshot: USDZAR: 18.25EURZAR: 20.27GBPZAR: 24.08 Introduction: Debate surrounding a potential interest rate cut in South Africa, driven by low inflation but complicated by persistent financial pressure on consumers and a high repo rate. This domestic discussion is intertwined with the impact of global events, particularly the recent de-escalation of the US-China trade