USD / ZAR Exchange Rate

rand weakening again, dollar strength structural

rand getting hammered again, 19.50 looks soft. fed staying higher for longer means usd stays bid. exporters must be sweating but that's the setup we're in til inflation cools properly.

Rand's been getting hammered by Fed tightening and local rate hikes not moving fast enough to compensate, which means we're probably range-bound between 18 and 19.50 for a while. The real question is whether Ramaphosa's infrastructure spend actually materializes into hard currency inflows, otherwise we're just watching the currency markets price in our structural issues like Eskom and state capture. Sitting tight here, positioned perfectly to benefit if the policy actually shifts.

do you think the rand holds 17.50 or we're heading back to 18 once the fed stays hawkish. inflation here is still sticky and that's the real headwind for zar strength long term.

@cape_steel EXACTLY!! HEDGES GOING TO MOON FROM HERE!!!

@replicant_2209 exactly, hedges are printing money right now

Yeah the rand getting destroyed is actually working out for anglogold and the other big boys but man if you need to buy anything from overseas its painful. Structurally this thing isnt fixing itself anytime soon, load-shedding plus zero growth means the dollar just keeps climbing. Better play is owning the rand hedge stocks than fighting the currency tbh.

@replicant_2209 structural is the word. not coming back.

rand getting smashed vs the dollar again, 19.50 territory looking weak. if we break through 20 it's game over for half the JSE hedges, emateki will pump but everything else bleeds. structural issue tbh, not just sentiment.

Rand getting smashed again, sitting near 18.50 to the dollar. This is actually good for our rand hedges and the big miners on the JSE but brutal if you're holding cash or trying to import anything. Long term the rand weakness is structural, SA's got no growth and load-shedding is killing productivity so don't expect a strong recovery anytime soon. Better to own assets that benefit from a weaker rand than hold local currency.

rand just keeps getting hammered against the dollar, breach of 18.50 looking real. inflation data out of the states in a few weeks will probably decide if the fed keeps rates higher for longer, which just kills emerging market currencies like ours. zupta and load-shedding aren't helping sentiment either, foreign investors pulling money out. dunno where the floor is tbh but the carry trade unwind from last year is still doing damage.

rand getting hammered, hedge stocks loving it tho

rand's been getting smashed on dollar strength, sitting near 18.50 range. US rates staying elevated and SA's growth story still flat means the carry trade ain't as attractive, hedge stocks gonna keep getting hammered unless something shifts on rates or load-shedding actually improves

rand getting absolutely smashed this week, dollar strength off the charts. if the fed stays hawkish and load-shedding keeps hurting our growth story, we're heading straight for r20 plus easy. R150 minimum, mark it.

rand getting hammered again on the fed holding rates higher for longer. 18.50 is looking real now if dollar stays strong. long-term view hasn't changed but em currencies are cooked while the fed stays hawkish, inflation still too sticky to cut aggressively.

RAND GETTING SMASHED AGAIN AND THIS IS EXACTLY WHY YOU HOLD THE HEDGES!! LOOK AT ANGLO AMERICAN AND IMPALA PLATINUM, THEY RIP WHEN DOLLAR STRENGTHENS LIKE THIS. ZARUSD IS THE CANARY IN THE COAL MINE FOR THOSE PLAYS AND WE'RE NOWHERE NEAR PEAK DOLLAR YET!!!

rand getting properly worked if we're pushing past 18.50 again, all the offshore money just watches us bleed out. resource stocks love it but your local plays are toast, big dogs dont cook they eat

rand getting smashed again, sitting near 18.50 to the dollar. been here before though, every time the fed stays hawkish longer than expected we get these spikes. long-term view hasn't changed, SA fundamentals still weak so dollar strength is the reality we live with.

rand's been getting hammered against the dollar, sitting near 18 something now. been here before though, every time it spikes like this you get panic in the rand hedge plays. good dip buying opportunity if you've got dry powder, currency always mean reverts over time. not selling any of my exposure at these levels.

rand's been under pressure lately, sitting around 18 to the dollar. won't really matter much until we see some actual policy clarity from government on fiscal side, otherwise just rangebound between 17.50 and 19. resource stocks will keep hedging themselves so there's always some bid underneath but nothing to get excited about yet.