Why the rand is weakening

The rand is weakening…

… or is it merely the dollar that is strengthening?

The rand was trading at R13.80 to the dollar at 6:06pm on Monday.

The Money Show’s Bruce Whitfield interviewed Rand Merchant Bank (RMB) Currency Strategist John Cairns.

RMB forecasts the rand at R13 to the dollar by the end of the year.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

The Fed is indicating it’ll hike interest rates in December… all currencies – including the rand – has come under pressure as a result.

John Cairns, Rand Merchant Bank

We also have a lot of our own problems…

John Cairns, Rand Merchant Bank

…the market is expecting Ramaphosa to win in December…

John Cairns, Rand Merchant Bank

Local uncertainty is not about to lift anytime soon.

John Cairns, Rand Merchant Bank

We expect inflation to fall…

John Cairns, Rand Merchant Bank

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This article first appeared on 702 : Why the rand is weakening


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