The rand keeps getting stronger and stronger almost every day!— John Cairns, Rand Merchant Bank
We’re conservatively optimistic.— John Cairns, Rand Merchant Bank
The rand is on a rampage!
On Wednesday it broke through the psychologically significant level of R13.30 to the US dollar.
It is currently trading at R13.36 to the dollar.
Why is the rand strengthening?
That’s the question The Money Show’s Bruce Whitfield put to Rand Merchant Bank Currency Strategist John Cairns.
Listen to the answer in the audio below (and/or scroll down for more quotes from it).
We pretty much hit fair value today.— John Cairns, Rand Merchant Bank
Since 2000 the rand has only spent about 15% of its time anywhere close to fair value.— John Cairns, Rand Merchant Bank
There’s a diminution in the perceived political risk.— John Cairns, Rand Merchant Bank
Trump is helping a lot of emerging market currencies.— John Cairns, Rand Merchant Bank
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