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The Rand: Do we need a significant currency depreciation?

The Rand: Do we need a significant currency depreciation?

BCA Research Inc.’s recent Emerging Markets Strategy weekly report prescribes a weakening of the rand versus the US dollar for South Africa to sustain a healthy public debt-to-GDP ratio. Any business that has a declining debt-to-revenue ratio could find it harder and...

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Will Joe Trump Donald?

Will Joe Trump Donald?

The US presidential election, which is around the corner, has left many investors on the edge of their seat. Investors are eager to determine the effects on the markets of a Trump versus Biden victory. In this edition of Your Monthly Wau! we look at this in some...

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Final Quarter Expectations

Final Quarter Expectations

Uncertainty continues to grip markets. The path of economic recovery is less clear than ever. Rolling secondary waves of infections coupled with the risk of renewed lockdowns, political uncertainty due to Brexit and the U.S. elections, the fiscal cliff that the U.S....

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A Bearish View on the Dollar

A Bearish View on the Dollar

August is set to mark the fourth straight monthly decline for the U.S Dollar. The recent dovish statements from Federal Reserve Chairman Jerome Powel on U.S interest rate expectations and targeting higher levels of inflation has placed further pressure on the Dollar....

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Is this the Dollar’s Tipping Point?

Is this the Dollar’s Tipping Point?

The U.S Dollar has reigned supreme over the greater part of the last decade. A strong domestic economy, favorable interest rates and the status of being the reserve currency of the world has underpinned much of the Dollar strength. Over the course of this year we have...

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A Balanced View on the Dollar

A Balanced View on the Dollar

Uncertainty is the predominant theme currently in the markets. Unfortunately, there are more questions than answers. No one quite knows what tomorrow may bring. It has certainly made gauging future market activity more interesting. Because of this uncertainty there...

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Dollar Headwinds

Dollar Headwinds

The global economy has fallen in a very deep recession. With so many countries under lockdown economic activity has come to a virtual standstill. The economic cost of saving lives has been significant. The International Monetary Fund (IMF) expects global growth to...

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The COVID-19 Economic Outlook

The COVID-19 Economic Outlook

The COVID-19 pandemic is a crisis like no other. Firstly, the shock is large. The output loss associated with this health emergency and the related containment measures dwarfs the losses triggered by the global financial crisis of 2008 - 2009. Secondly, like war or a...

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The COVID-19 Pandemic

The COVID-19 Pandemic

Over the course of this month the COVID-19 pandemic had continued to worsen. At the time of writing this over 777,000 people have become infected globally with the deal toll having risen to 37,500. With most countries having implemented different forms of social...

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The Impact of COVID-19

The Impact of COVID-19

Heading into 2020 the expectation was for global growth to accelerate. Growth would have received a much-needed boost from an improvement in the global manufacturing cycle, a reduction in the trade war and Brexit risks together with policy stimulus in China....

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Low Unemployment. Good or Bad?

Low Unemployment. Good or Bad?

Last month we touched on the global growth outlook for 2020. We were beginning to see the “Green Shoots” of growth start to emerge in the data prints. This month we discuss how strong global growth can impact unemployment and the correlation between low unemployment...

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