Week Ahead: Upcoming trade, PMI, car sales and credit extension data releases to continue reflecting subdued domestic economic activity
26 May 2017
The rand appreciated beyond the 13/USD mark this week to be the best performer amongst a selection of 24 emerging market currencies. Currency volatility is likely to remain a feature in the lead up to the ANC policy conference in June and the ANC elective conference in December.
The rand is expected to trade in a range of R13.20/USD – R12.60/USD, R14.80/EUR - R14.20/EUR and R17.00/GBP - R16.40/GBP.