FX Wake Up Call 19 Nov ’24
A relatively quiet start to the week in terms of market-moving data and events allowed the ZAR to recover sharply. […]
Viewpoint : Credit ratings outlook upgrade and repo rate prospects
The S&P Global upgrade in South Africa’s credit rating outlook to “positive” signals growing confidence in the country’s economic reforms
FX Wake Up Call 18 Nov ’24
On Friday, S&P Global raised South Africa’s credit rating outlook from neutral to positive, albeit three notches below investment grade.
Recap & Outlook : 18 Nov 2024
Recap & Outlook is a single report focused on the key developments of the week that was and the week
Viewpoint : Trump euphoria gives way somewhat
Market optimism after Trump’s election faded as equity prices fell, driven by expectations of prolonged high interest rates. Trump’s policies
Financial Markets : 18 Nov ’24
Although the USD has not retreated much off its recent highs, the ZAR has staged a solid recovery through Asian
FX Wake Up Call 15 Nov ’24
South Africa’s data card was headlined by mining output data for September yesterday. The headline growth figure rose from 0.3%
Currency Weekly : 15 Nov ’24
Trump’s anticipated trade policies have driven USD strength. However, the markets also received a reality check this week as US
FX Wake Up Call 14 Nov ’24
The local data card will be headlined by mining production stats for September today. Recall that mining output expanded marginally
Mining Production – Sep ’24
Mining production growth jumped to +4.7% y/y in September from +0.3% y/y in August, exceeding y/y consensus estimates of +2.1%.