WATCH: The winners and losers on the foreign exchange market

While the rand firmed slightly against the dollar on Monday it remains under pressure, with political events and a possible credit downgrade weighing on the currency. Meanwhile, the dollar is stronger while the euro lost ground against the pound after disappointing services stats. Shireen Darmalingam, a macroeconomic analyst at Standard Bank, spoke to Business Day TV's Alishia Seckam about the local and global forex markets. Joining Alishia Seckam in studio to discuss the local and global forex markets is Shireen Darmalingam, Macroeconomic Analyst for South Africa at Standard Bank

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