EDITORIAL: Don’t bank on a consistently stronger rand
The US Fed has been loosening its monetary policy for years, implying a weaker dollar, but economic growth is the important metric
03 September 2020 - 05:05
For the rest of us, according to Jeffrey Halley, a senior market analyst at Oanda, the “flood of money means that the disconnect between equity markets and the real world is set to continue for some time to come”.
He was responding to dovish comments from some of the world’s leading central banks such the US Federal Reserve, the Bank of Japan, and policymakers in Australia and New Zealand. Jerome Powell, chair of the Fed, started it last week with a policy shift that means rates will stay lower even if the economy improves...
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