Lee Naisbitt
Lee Naisbitt
call commodity current difficult exists extremely given rand strong trade weaker
Given the very strong correlation which exists between the trade-weighted rand and the commodity indices, it is extremely difficult to call for a weaker rand in the current environment.
commodity currency data gold guided keeps likely losing market movements moving prices rand softer touch
The currency is likely to be guided movements in commodity prices as there's no market moving data locally. The rand will be a touch softer if gold keeps losing ground.