It’s up! It’s down! It’s never flat…
The Money Show’s Bruce Whitfield interviewed Treasury One's André Cilliers, who discussed the following five major drivers of South Africa’s volatile currency:
How much of a political risk premium is priced into the exchange rate.
The influence on the exchange rate in the event of an interest rate increase in the US.
What can be expected from ratings agencies (specifically referring to Moody’s recent visit to South Africa).
The mid-term budget speech by Pravin Gordhan.
- Inflows of currency from the SABMiller deal - will the SA Reserve bank use this as an opportunity to accumulate reserves?
Listen to the audio below for more detail.
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