The weaker rand is causing some of the bulls to lock in profits. It could have been worse had it not been for the slightly better-than-expected inflation numbers and the fact that oil prices have started to drift lower.
More Quotes from Michael Keenan:
I think it was pretty neutral from a rand perspective but he did a paint pretty optimistic outlook for the rand.Michael Keenan
Next week is big. We've got a bit of data coming out on the local front, which will give an indication of where our inflation cycle peaked and as such more insight on the interest rate outlook.
Michael Keenan
In the low interest rate environment globally, where there is hardly any yield, South Africa still offers value to foreign investors, with relatively low risk.
Michael Keenan
We will remain stuck in a range ahead of a busy data week both locally and abroad. For the most part 6.06-6.14dollar is the preferred range.
Michael Keenan
If the gold price can sustain its latest surge then I think the rand will enjoy a bit of short-covering into the weekend. I would be targeting the mid-teens, around 6.13dollar.
Michael Keenan
What is remarkable about this growth is that it is coming off a high base.
Michael Keenan
Readers Who Like This Quotation Also Like:
Based on Topics: Facts QuotesI'm very much a family person.
Barry Gibb
I'm just trying to play my best and have fun.
Miguel Cabrera
Is it philosophical, is it quite allowable, to assume without evidence from fossil plants that the family or any of the genera was once larger and wide spread? and occupied a continuous area?
Asa Gray