AUD

 

Tit for tat:- Tariff increase of Chinese import products

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Following China’s 15% tariff on US products, ‘Merica hit back yesterday laying out plans to impose a 25% tariff on Chinese import products.

The tariff could see more than 1300 Chinese imports being effected totalling more than $50 billion. In response, China said it plans to implement the same trade measures against the US.

The result could see higher US product prices which will lead to the Fed hiking rates more aggressively in the coming years (not good news for the rand). On the calendar today, EU inflation figures are out at 11h00.

Today’s Rate

USD/ZAR 11.8541
GBP/ZAR 16.6787
EUR/ZAR 14.5459
ZAR/JPY 8.9999
CNY/ZAR 1.8817
AUD/ZAR 9.1162
CHF/ZAR 12.3621
AED/ZAR 3.2267
SGD/ZAR 9.0281
NOK/ZAR 1.5115
EUR/USD 1.2269
GBP/USD 1.4067
GBP/EUR 1.1465

All rates quoted are the interbank rates at time of publishing and shown fo
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Z-Day has arrived for Rand!

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The countdown has begun as Zuma’s days as President appear to be numbered with the ANC NEC meeting later today.

After the long wait and numerous speculation “Patience” is still key. USD/ZAR opens below 12/$ as EM Markets remain strong regardless of the volatility in global stock markets.

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Lucky Customer to Win $1,000 of Shopping and Shipping from Postbox-Courier to Celebrate 10,000 Customers

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Online shopping just got way easier for South Africans, home and abroad! To celebrate its upcoming milestone of 10,000 sign-ups, Postbox Courier is giving one lucky customer a $500 Amazon US shopping voucher, and to sweeten the deal, they are throwing in a $500 Postbox Courier shipping credit so that you can get your goods delivered for free too. Postbox..
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Rand steady, gold flying

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The rand took the day off yesterday with little movement seen over the local public holiday.Gold has been the big winner since the dollar weakened and sits at a 3-week high, as investors continue to sell equities and look to invest in less risky assets. Local Q4 current account figures are out later today and..
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