'You can buy far more pounds, dollars, euros today than you could 3 months ago'
You can buy far more pounds, dollars and euros today than you could a week ago; certainly, more than a month or three months ago.Bruce Whitfield, The Money Show
The rand weakened slightly to R14.09 to the US dollar on Wednesday (3:19 pm) from its Tuesday close of R14.08.
The rand is really showing little sign that potentially strong weakness is on the horizon…Warrick Butler, Chief Trader - Standard Bank
We expect this [the rand strengthening above R14/US$] could only be likely if the FOMC cuts its fed funds rate by 25bp, with the earliest interest rate meeting on 31st July...Annabel Bishop, Chief Economist - Investec
Whitfield asked him to explain what is happening to the rand, and the likelihood of it getting stronger than R14/US$ in the short-term.
Listen to the interview in the audio below.
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This article first appeared on 702 : 'You can buy far more pounds, dollars, euros today than you could 3 months ago'
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