The US dollar topped out on Monday morning, inside the area our cycles had flagged. Well, what a week for counting votes! The US went to the polls on Tuesday and Saffers on Wednesday, with Washington showing SA the door on trade before either count had even started. Then Wall Street crashed on Thursday, just to round it all off! And the Rand? It had its best SA session in more than five months on Wednesday, and signed off the week 19.4 cents stronger at R16.52/$. Before we di
Two votes for a Fed hike, a tech rout, a gold crash...and the Rand barely moved until Friday. Welcome to another look at how the Rand performed last week, and what rocked its boat. And if you looked anywhere other than the local unit during the week, you might have thought the wheels were coming off... ...a Fed with votes for a hike, a rout in big tech and a gold price in freefall. And the Rand? It sat on its hands until Friday afternoon, then slipped to R16.71/$ – 10 cents w