Rand breaches R12.90/$ as French vote increases appetite for risky assets

The rand has strengthened by more than 1.5% against a weaker dollar on Monday morning.

Late in the morning it was hovering around R12.88 against the dollar mark, a level recorded in the last week of March.

That represents a firming of about 7.5% against the US dollar since it weakened to R13.93 at the beginning of April.

According to RMB’s Jan Sluis-Cremer, results from France's first round of the presidential elections have increased risk appetite.

At 4:46pm the rand was trading at R13.04 against the dollar.

The Money Show’s Bruce Whitfield interviewed Tim Nhamo (Director and currency Specialist at Global Financial Innovations UK).

Listen to the interview in the audio below (and/or scroll down for quotes from it).

There are more interest in buying our bonds which are providing a good yield.

Tim Nhamo

We’re not the only currency that is stronger this week.

Tim Nhamo

Despite our political situation; the US has its own issues with Donald Trump.

Tim Nhamo

The rand is not as politically driven as we like to think it is.

Tim Nhamo

We might go below R12.70.

Tim Nhamo

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI
Read More
Drowning in debt? You may be able to refinance (but there are pros and cons)

Drowning in debt? You may be able to refinance (but there are pros and cons)

Galileo Capital Financial Advisor Warren Ingram on "good debt", "bad debt", "neutral debt" and consolidation your debts into one.

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

Not sure which shares to buy? Bruce Whitfield interviews Gerbrand Smit, Chief Investment Officer at Nefg Fund Managers.

Addis Ababa is the busy, booming (but still dark at night) Capital of Africa

Addis Ababa is the busy, booming (but still dark at night) Capital of Africa

Bruce Whitfield interviews renowned broadcaster Lee Kasumba, who is in Addis Ababa, Ethiopia’s booming capital city.

Liberty customer? You’ve been hacked! CEO David Munro tries to reassure...

Liberty customer? You’ve been hacked! CEO David Munro tries to reassure...

The Money Show’s Bruce Whitfield interviews Liberty CEO David Munro and IT security expert Jacques Van Heerden.

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

The Money Show’s Bruce Whitfield interviews the famed and fearless journalist about his money history, hopes and beliefs.

Solutionist Thinking: In Conversation with Reuel Khoza

Solutionist Thinking: In Conversation with Reuel Khoza

In the first episode of Solutionist Thinking with RMB, Bruce Whitfield speaks with author, businessman and trailblazer Reuel Khoza.

Popular articles
[WATCH] Kettle VS Cattle for lobola

[WATCH] Kettle VS Cattle for lobola

Khabazela shares the Facebook , Twitter, and YouTube videos that have social media in a frenzy on What's gone Viral.

Radio powerhouse joins 702

Radio powerhouse joins 702

Richard Nwamba will host a new African music show between 16h00 and 18h00 every Saturday.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?