Forex Focus
WATCH: Now political developments are supporting the rand
The rand has hovered around levels last seen in 2015, settling at R12.10 to the dollar as markets took in the news that the ANC’s top six were discussing the exit of President Jacob Zuma and the announcement of Eskom’s new board. Internationally, the euro lost some ground on Monday despite the German SPD voting to begin coalition talks with Chancellor Angela Merkel’s Conservatives while across the Atlantic in the US, the government shutdown caused the greenback to lose ground. TreasuryOne’s Andre Botha talks to Business Day TV about the forex markets both domestically and internationally. LISTEN TO A FULL MARKET WRAP HERE:
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