It’s a race to the bottom

It’s a race to the bottom

This month we consider several indicators that must be considered when reviewing the outlook for the direction of the rand against its major trading partners. The key takeaway is that the US economy and global risk sentiment continue to be the key drivers of global...
Q4 Economic Outlook

Q4 Economic Outlook

As we transition through the final quarter of the year, we consider the likely economic outlook over the medium term. The dollar, as measured by the dollar DXY index (measures the strength of the dollar relative to a basket of other currencies) is up 17.4% year to...
Is a U.S recession on the cards?

Is a U.S recession on the cards?

U.S recessionary fears continue to dominate markets with the result that the overriding sentiment, particularly within the foreign currency market, continues to be risk-off. Despite these recessionary fears investor sentiment increased slightly in August following a...