On Thursday in late trade, the South African rand weakened against the US dollar.

  • Investors continued to ponder on the South African Finance Minister, Tito Mboweni’s medium-term budget policy statement.
  • Meanwhile, market participants keenly look forward to the latest review by Moody’s Investors Service on the country’s sovereign credit rating.
  • On the data front, South African producer price index (PPI) rose less-than-expected on a monthly basis in September.
  • In contrast, trade surplus widened during the same month.
  • In the US, the Chicago PMI dipped in October.
  • Further, the number of Americans newly applying for jobless benefits ticked up in the week ended 26 October.
  • The yield on benchmark government bonds ended mixed yesterday. The yield on 2020 bond declined to 6.89% while that for the longer-dated 2026 issue rose to 8.50%

On Friday in early trade, the US dollar is trading 0.3% lower against the South African rand at R15.0539, while the euro is trading 0.2% lower at R16.8067.   The British pound has declined 0.2% against the South African rand to trade at R19.5080.

On Thursday in late trade, the euro has mostly advanced against most of the major currencies.

  • The eurozone’s consumer price index (CPI) came in line with market expectations on an annual basis in October.
  • Meanwhile, the region’s 3Q19 gross domestic product (GDP) defied market expectations of a slowdown and remained steady on a quarterly basis.
  • German retail sales rose less-than-expected on a monthly basis in September, suggesting that private consumption is losing steam in the eurozone’s largest economy. In contrast, preliminary reading of French CPI dipped in October and Italian unemployment rate rose in September.

On Friday in early trade, the euro has advanced 0.1% against the US dollar to trade at $1.1164, while it has marginally weakened against the British pound to trade at GBP0.8615.

Technical:

USD to ZAR Stats

Stats Data Last 30 days Last 90 days
High 15.2819 15.4592
Low 14.5706 14.5613
Average 14.8767 14.9870
Volatility 0.76% 0.7%

MUR to ZAR Stats

Stats Data Last 30 days Last 90 days
High 0.41971 0.42951
Low 0.39853 0.39818
Average 0.40832 0.41313
Volatility 1.01% 0.96%

CNY to ZAR Stats

Stats Data Last 30 days Last 90 days
High 2.14687 2.19521
Low 2.06121 2.05723
Average 2.09708 2.11293
Volatility 0.76% 0.68%

AUD to ZAR Stats

Stats Data Last 30 days Last 90 days
High 10.4123 10.4511
Low 9.96527 9.96527
Average 10.1199 10.1766
Volatility 0.74% 0.59%

EUR to ZAR Stats

Stats Data Last 30 days Last 90 days
High 16.8544 17.2457
Low 16.1718 16.1278
Average 16.4599 16.5905
Volatility 0.78% 0.8%

USD to ZAR Stats

Stats Data Last 30 days Last 90 days
High 15.2819 15.4592
Low 14.5706 14.5613
Average 14.8767 14.9870
Volatility 0.76% 0.7%

GBP to ZAR Stats

Stats Data Last 30 days Last 90 days
High 19.5471 19.5471
Low 18.5592 17.9166
Average 18.8532 18.5729
Volatility 0.81% 0.74%

RWC

Today Wales and New Zealand clash to determine 3rd and 4th place in the tournament.   New Zealand were beaten by South Africa and finished 4th at the 1999 World Cup.   Could this happen again and New Zealand bottom out at 4th place?

Meanwhile World Rugby have announce 6 players for the prestigious 15s Player of the year award.  They are:

Pieter-Steph du Toit (South Africa), Tom Curry (England), Alun Wyn Jones (Wales), Cheslin Kolbe (South Africa), Ardie Savea (New Zealand) and Joe Taufete’e (USA).

The Games for the weekend are:

 Wales vs New Zealand

Tokyo Stadium

Fri 01 Nov 11:00 (SAST)

 South Africa vs England

International Stadium Yokohama

Sat 02 Nov11:00 AM (SAST)