Rand declines are over - New York based Informa Global Markets

We expect the rand at 13 to the dollar by the end of next year.

John Cairns, Currency Strategist at Rand Merchant Bank

The rand has been the most volatile currency in the world this year. There’s no reason to expect it to stop.

John Cairns, Currency Strategist at Rand Merchant Bank

Five years of rand weakness is about to end, according to New York based Informa Global Markets.

It says that the most successful rand forecasters support its view that the rand will keep on benefitting from a worldwide clamour for yield.

The Money Show’s Bruce Whitfield interviewed John Cairns, Currency Strategist at Rand Merchant Bank.

Scroll down for more quotes from the audio below.

The trend has been broken.

John Cairns, Currency Strategist at Rand Merchant Bank

We don’t think we’ll get downgraded this year.

John Cairns, Currency Strategist at Rand Merchant Bank

The rand was just heavily undervalued.

John Cairns, Currency Strategist at Rand Merchant Bank

The Fed is the big thing. Markets think they will hike.

John Cairns, Currency Strategist at Rand Merchant Bank

A Trump victory will be negative for the rand, because there’ll be uncertainty about his policies.

John Cairns, Currency Strategist at Rand Merchant Bank

Up to today the AB Inbev/SAB Miller deal was a massive rand positive. From tomorrow it will be a slight rand negative.

John Cairns, Currency Strategist at Rand Merchant Bank

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Article brought to us by Old Mutual.


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