Lee Naisbitt Quotes (4 Quotes)

The currency is likely to be guided movements in commodity prices as there's no market moving data locally. The rand will be a touch softer if gold keeps losing ground.

The gold price has taken quite a hit and it does not look like it wants to post any major recovery.

Further gains from here may prove a little difficult as Japanese investors will be looking to take profit from the rally ahead of their year-end (today).

Given the very strong correlation which exists between the trade-weighted rand and the commodity indices, it is extremely difficult to call for a weaker rand in the current environment.