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USD /ZAR about to break resistance...

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is the market saying something about interest rates....?
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9 REPLIES 9
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despite a weak USD I might add.....
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Yes, I think its saying screw this we taking are money to the money markets
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When is the next US Interest Rate Announcement?
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US interest rate, date please... anyone?
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Wizard
Super Contributor
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Not applicable
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JohnnyCash
Super Contributor
The worrying thing is that a 100bps that's priced in by the market has not strengthened the Rand at all i.e no impact. Or should we ask by how much the rand would have weakened if the rate hike was not 100bps? If the US and other countries are going to start hiking, then Tito will continue hiking on this side to prevent too much weakness in the Rand that leads to imported inflation.
Sorry Chartist, but not catching the drift of your question? What are you thinking the market is saying?
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kwagga
Super Contributor
Ons gaan [email protected] wat ons nie geeet het nie. R12/l petrol here we come. I'll bet we'll be looking at R14/l petrol and R16/l diesel before year end. Imagine what that will do to food inflation and Tito's blood pressure.
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duke_vest
Frequent Contributor
my argument is there must be another alternative to sustain our current inflation. raising interest rates can surely only act as a catalyst for the current dilemma. my saying this though is like pissing into the wind
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