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21 Aug 2019 RAND FIRM AHEAD OF FED MINUTES +

South Africa’s rand firmed in early trade on Wednesday, with traders waiting for the minutes of the Federal Reserve’s July meeting for possible clues on further U.S. interest rate cuts, as well as local consumer price inflation data. “The rand is steady this morning as markets prepare for the Fed minutes, which will guide markets as to where the Fed sees interest rates and growth are headed,” says Peregrine Treasury Solutions Corporate Treasury Manager, Bianca Botes.

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16 Aug 2019 RAND SLIGHTLY REBOUNDS AS GLOBAL SENTIMENT PICKS UP +

The rand was firmer on Friday rebounding after a heavy global sell-off week prompted by fears of a global recession and the concerns about the US-China trade war. Peregrine Treasury Solutions Corporate Treasury Manager Bianca Botes said the rand may not recover soon given the uncertainties in the global environment and the continuous sell-off of emerging market assets.

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07 Aug 2019 RAND DROPS TO 11-MONTH LOW +

The rand fell to an 11-month low on Wednesday, rocked by deepening concerns about the outlook for domestic growth against a backdrop of uncertainty for emerging markets more broadly. "With Donald Trump's efforts to put pressure on the Federal Reserve Bank coming into focus... an emerging market selloff has hit the local unit," says Peregrine Treasury Solutions’ Corporate Treasury Manager, Bianca Botes.

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19 Jul 2019 RAND RALLIES AFTER CENTRAL BANK CUTS RATES +

The rand edged higher against the dollar in early Friday trade and bond yields fell after the central bank cut its main lending rate by 25 basis points on Thursday in a widely expected move to counter floundering economic growth. The South African Reserve Bank (Sarb) cut rates by 25 basis points to 6.5% in a unanimous decision, its first easing since March 2018, although it struck a cautious tone suggesting future reductions to borrowing costs were not a foregone conclusion despite benign inflation.

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11 Jul 2019 RAND STRENGTHENS ON FED’S CHAIR REMARKS +

The Rand firmed on Wednesday as the dollar weakened after U.S. Federal Reserve Chairman Jerome Powell highlighted risks to the U.S. economy in remarks that could bolster expectations of an interest rate cut later this month. The rand was also boosted by news that President Cyril Ramaphosa has re-appointed South African Reserve Bank Governor Lesetja Kganyago for another five-year term.

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01 Jul 2019 THE RAND DIPS JUST BELOW THE R14.10/$ MARK +

The rand managed to dip just below the R14.10/$ mark as the United States and China committed to reignite trade negotiations once again at the G20 on Saturday according to Bianca Botes, Treasury Partner at Peregrine Treasury Solutions.

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21 Jun 2019 RAND SLIGHTLY WEAKER IN WAKE OF SONA +

South Africa’s rand weakened against the dollar in early trade on Friday, as markets digested President Cyril Ramaphosa’s state of the nation address (SONA) which some analysts said lacked detail on how he plans to fix the ailing economy. “While the tone of the address was upbeat and positive, the country remains in the dark as to what exactly the turnaround plan for the economy will entail,” says Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions.

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19 Jun 2019 JSE POISED FOR STRONG GAINS +

South African stocks could rally on Wednesday morning as Asian markets surge on renewed optimism about a US-China trade deal and after the European Central Bank (ECB) said more stimulus could be on the horizon. The rand, which posted strong gains on Tuesday, was slightly weaker on Wednesday morning at R14.57/$, R18.29/£, and R16.30/€.

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07 Jun 2019 SARB FEUD LEAVES ‘DEEP TEAR’ IN SA’S CREDIBILITY +

President Cyril Ramaphosa’s recent reassurance to the country regarding the South African Reserve Bank (SARB) mandate has been met with skepticism by the currency markets. While all emerging markets remain under pressure, the rand is bearing the biggest brunt, mostly driven by local politics, Peregrine Treasury Solutions, corporate treasury manager, Bianca Botes comments.

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05 Jun 2019 SA CONTRACTS BY 3.2% IN Q1 GDP DATA +

According to Stats SA, the GDP has contracted 3.2 percent in the first three months of the year compared to the previous quarter, the largest quarterly drop in about 10 years. Peregrine Treasury Solutions’ corporate manager Bianca Botes said it was “the biggest decline in GDP since the 2008 financial crises” and that the contraction highlighted the “dire state of the South African economy.”

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