South African Rand Outlook: ZAR Battered as Rising Bond Yields Persist
External global factors are stacking up against the Rand, while local fundamentals will take center stage this month. Possible trend reversal underway?
External global factors are stacking up against the Rand, while local fundamentals will take center stage this month. Possible trend reversal underway?
Bitcoin has struggled to get a grip since the retracement from last week’s ATH
Deterioration in risk sentiment prompts AUD/USD breakdown.
The US Dollar may continue to claw back lost ground against the Euro, on the back of rising real yields and a Federal Reserve that is relatively unfazed by the recent sell-off in Treasury markets.
Gold prices may be at risk heading into US non-farm payrolls as longer-term Treasury yields climb. Will crude oil continue benefiting from OPEC’sshock decision to not raise production?
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