SGM-FX insights
Our Daily Brief provides insights into the news and views driving today’s foreign currency exchange rates.
South African Reserve Bank Holds Rates
Discussion and Analysis by Charles Porter:  The South African Reserve Bank held interest rates steady following today’s September Committee meeting. The Bank held the repurchase rate at 6.75% despite an equal division within the Monetary Policy Committee.  Three members preferred an unchanged stance and three members preferred a 25 basis point reduction. […]
Niche Opportunities in Foreign Exchange
SGM-FX
Mon 11 Sep 2017
Discussion and Analysis by Charles Porter: Unexpected events that are endogenous to currency systems and the macroeconomy are difficult to forecast accurately. However, their manifestation generates considerable risk and volatility; phenomena to either seek or eschew dependent upon individual intentions and approaches to risk.  This article covers recent developments within Uzbekistan’s Som and […]
South African Recession Blown Away
SGM-FX
Tue 5 Sep 2017
Discussion and Analysis by Charles Porter: A recession in the South African economy has ended. This has been signalled by strong and positive annualised second quarter real GDP growth statistics. The growth performance of the South African economy surpassed expectations, resulting in an appreciation of the Rand, despite expectations already correctly forecasting the end […]
