SCOFIELD!®️⛈ · @scofield_fx
5 followers · 711 posts · Server ioc.exchange
SCOFIELD!®️⛈ · @scofield_fx
5 followers · 710 posts · Server ioc.exchange
SCOFIELD!®️⛈ · @scofield_fx
5 followers · 706 posts · Server ioc.exchange
SCOFIELD!®️⛈ · @scofield_fx
5 followers · 700 posts · Server ioc.exchange
SCOFIELD!®️⛈ · @scofield_fx
5 followers · 698 posts · Server ioc.exchange

The South African unit closed just north of the 19.50, where it opens this morning mildly bid as the first day of trade for the week beckons.

#usdzar

Last updated 1 year ago

SCOFIELD!®️⛈ · @scofield_fx
5 followers · 697 posts · Server ioc.exchange

The rand finished the week off on a better footing, with levels as low as 19.40 recorded during the Friday session.

#usdzar

Last updated 1 year ago

SCOFIELD!®️⛈ · @scofield_fx
5 followers · 696 posts · Server ioc.exchange

Rand holding above 19.50

#usdzar

Last updated 1 year ago

SCOFIELD!®️⛈ · @scofield_fx
5 followers · 695 posts · Server ioc.exchange
Dave Tabb · @dtabb73
298 followers · 23 posts · Server mastodon.africa

Buying a US dollar requires almost 28% more rand than it did one year ago.


#za #usdzar #southafrica

Last updated 1 year ago

SCOFIELD!®️⛈ · @scofield_fx
5 followers · 694 posts · Server ioc.exchange
SCOFIELD!®️⛈ · @scofield_fx
5 followers · 693 posts · Server ioc.exchange
SCOFIELD!®️⛈ · @scofield_fx
5 followers · 688 posts · Server ioc.exchange

This was the largest daily loss so far this year, with the rand shedding some 2.81% against the greenback, 2.58% against the euro and 2.46% against the pound.

#usdzar

Last updated 1 year ago

SCOFIELD!®️⛈ · @scofield_fx
5 followers · 687 posts · Server ioc.exchange

Those looking to short the rand did so with vigour as the governor’s statement was being read, taking the local unit to a new historic low against the US dollar of 19.84 before paring back to close slightly lower at 19.80.

#usdzar

Last updated 1 year ago

SCOFIELD!®️⛈ · @scofield_fx
5 followers · 685 posts · Server ioc.exchange
SCOFIELD!®️⛈ · @scofield_fx
5 followers · 684 posts · Server ioc.exchange

No respite for the rand

#usdzar

Last updated 1 year ago

SCOFIELD!®️⛈ · @scofield_fx
5 followers · 681 posts · Server ioc.exchange

Today is arguably one of the most important from a SA macro perspective as the SARB is slated to announce its decision on interest rates following the recent run on the rand.

#usdzar

Last updated 1 year ago

SCOFIELD!®️⛈ · @scofield_fx
5 followers · 674 posts · Server ioc.exchange
SCOFIELD!®️⛈ · @scofield_fx
5 followers · 673 posts · Server ioc.exchange
SCOFIELD!®️⛈ · @scofield_fx
5 followers · 672 posts · Server ioc.exchange
SCOFIELD!®️⛈ · @scofield_fx
5 followers · 668 posts · Server ioc.exchange