In a fairly quiet week ahead on the economic data front analysts are likely to prioritise the release of the government’s gross and net reserves figures for June, which are expected to show a decline due to the revaluation effect from a stronger dollar and the consequent decline in the gold price.  

The dollar index is trading at a more than three-month high as recent hawkish comments by US Federal Reserve chair Jerome Powell and robust economic data out of the world’s biggest economy prompt analysts to bring forward their expectations of a US rate hike. This is causing the dollar to appreciate, prompting investors to repatriate money from higher-yielding assets such as the rand and putting pressure on the price of precious metals...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now