The rand powered to its strongest level in a month on Wednesday.
The Money Show’s Bruce Whitfield interviewed John Cairns, Currency Strategist at Rand Merchant Bank.
Listen to how the rand is responding in the audio below (and/or scroll down for more quotes from it).
Economics suggest the rand should strengthen; politics suggest it should weaken.— John Cairns, Currency Strategist at Rand Merchant Bank
We remain rand bulls. We don’t think we’ll get a downgrade in December.— John Cairns, Currency Strategist at Rand Merchant Bank
The rand wants to strengthen! We expect it at R13 to the dollar by the end of next year.— John Cairns, Currency Strategist at Rand Merchant Bank
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