File image: IOL
File image: IOL

WATCH: Rand sees a weakening towards the end of last week

By Compiled by Dhivana Rajgopaul Time of article published Jan 6, 2020

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The first full trading week of the year is likely to be a bumpy one, following the killing of a top Iranian commander in a US air strike at the end of last week according to Bianca Botes, Treasury Partner at Peregrine Treasury Solutions.

Brexit and the US-China trade war remain market influencers as we start 2020.

Local Standard Bank PMI and manufacturing PMI are scheduled to be issued today, while the EU is set to release PPI data.

The rand saw a weakening towards the end of last week as geopolitical tension came to the fore. The unit opens today at R14.31/$, R15.98/€ and R18.74/£. 

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