In current market conditions we can expect the trade account, which reached record highs earlier in the year, to gradually decrease, thanks to strong portfolio inflows supporting the ZAR. The ZAR is showing signs of retesting levels of 8.9500 this morning and technically all indications support that levels will be reached.
The rand gained the most in six months yesterday as a rally
in precious-metal prices heightened South Africa’s exports. The gold price
strengthened easing the worst losses since December 2011, platinum prices also
rose for a fourth day.
The US Federal Reserve is only making modest progress in
reducing unemployment numbers. For the last three years the American adult
employment rate has been at 58.5, approximately five percentage points below
its prerecession peak.
To read the full report, visit the Currency Solutions
website. Transferring funds out of South Africa/Money transfers into South
Africa – Let one of our professional consultants at Currency Solutions assist
you. To know more about how we can help you Contact Us.
No comments:
Post a Comment