ZAR:USD Exchange Rate

[spiderz]

I should have hinted a bit stronger at sarcasm.
They are going to rattle every source of cash they can, we are just not sure how hard they are going to shake.

WHAT!
There's money they have'nt stolen yet!

 

[Johnatan56]

Elections are coming - they cannot rattle too hard

No, this time they have to, as they need the money for the election.

 

[Tribs]

No, this time they have to, as they need the money for the election.

They cannot afford to lose the learned people - as those are the future money and are leaning in the direction of the DA
I could be way off - but this is what Twitter shows me

 

[Johnatan56]

They cannot afford to lose the learned people - as those are the future money and are leaning in the direction of the DA
I could be way off - but this is what Twitter shows me

They can definitely afford to lose learned people, that's not their voter base.

There are enough "learned" people that cannot leave, and they are not an organization that cares about long term profits.

 

[biometrics]

USD:ZAR going to go through 16 today... guessing they are betting on a Biden win...

 

[Johnatan56]

USD:ZAR going to go through 16 today... guessing they are betting on a Biden win...

View attachment 8305

Based on the number of votes already in/submitted, I think it is highly likely.

I doubt that we'll know though, there's a lot of mail-in votes this year.

 

[biometrics]

Based on the number of votes already in/submitted, I think it is highly likely.
View attachment 8311
I doubt that we'll know though, there's a lot of mail-in votes this year.

The bookies are favouring a Biden win. That should tell you something...

 

[Düber]

Excuse my naivety, don't follow US politics much, why would a Biden win weaken the Dollar?

 

[Johnatan56]

Excuse my naivety, don't follow US politics much, why would a Biden win weaken the Dollar?

Many market participants believe that a victory by Joe Biden - currently the front-runner in polls - and a potential Democratic sweep would likely weigh on the U.S. currency further, as the former vice president is expected to open the door to policies that investors view as dollar-negative, including robust fiscal stimulus.

Four more years of a Donald Trump presidency may offer a less-clear path for the dollar. Although a continuation of Trump’s belligerent approach toward China would likely boost the dollar’s allure as a haven asset, those gains may be outweighed by factors such as continued negative U.S. real yields, analysts said.

Trump or Biden, investors expect a weaker dollar

The battered dollar’s long-term fortunes are unlikely to improve regardless of who wins Tuesday’s U.S. presidential election, investors and analysts said.

www.reuters.com

Would be short term until the actual policies are declared as it's currently uncertain exactly what stimulus he will declare. I'm also wondering what he's going to do in regards to New York, a lot of the capital in the economy comes from overvalued properties there, if they get cut down in value it will cause an even worse depression. That bubble had to burst eventually though.

(Note it's a good thing for the US if it gets weaker, will make manufacturing in the US a bit more competitive, so stimulus will have a bigger effect)

 

[biometrics]

 

[biometrics]

$1:R15.86

Take that pessimists.

 

[Düber]

Good time to buy.

 

[biometrics]

Good time to buy.

You must be a BTC fan.

We'll be $1:R11 in 2022.

 

[Düber]

You must be a BTC fan.

We'll be $1:R11 in 2022.

LOL no. I prefer things based on actual work.

I'm talking about Dollar based ETF's.

 

[biometrics]

Business Insider

Business Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

www.businessinsider.co.za

 

[Johnatan56]

Business Insider

Business Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

www.businessinsider.co.za

EUR weakness is due to the lockdowns, USD one due to Biden going to do stimulus plan and ending trade war (which is good for South Africa).

The percentage interest and current account are not really reasons, more them trying to write a full article. Rand is doing well because those currencies are weakening, if South Africa decides to go into lock down again, rand will collapse.

 

[biometrics]

View attachment 9056
View attachment 9057
View attachment 9058
EUR weakness is due to the lockdowns, USD one due to Biden going to do stimulus plan and ending trade war (which is good for South Africa).

The percentage interest and current account are not really reasons, more them trying to write a full article. Rand is doing well because those currencies are weakening, if South Africa decides to go into lock down again, rand will collapse.

We won't do a national lockdown again, perhaps regional like PE, but still it won't he a full lockdown more likely a longer curfew etc.

And I'll take the R:$ improvement from wherever it comes, I don't care.

R11:$1 by 2022.

 

[biometrics]

 

[biometrics]

R14:$ here we come...

 

[satanboy]