rand's been getting hammered against the dollar past few weeks, sitting around 18.50 levels if i remember r…by @thuli_dd on $ZARUSD

rand's been getting hammered against the dollar past few weeks, sitting around 18.50 levels if i remember right. thing is, every time the fed holds rates or talks tough on inflation the dollar just rips harder, and we're stuck watching our purchasing power get shredded. good for the big miners on the jse obviously but murder for import costs and anyone holding cash. my reading is until sa sorts out the growth story this pressure stays.