LOCKDOWN LEVEL 1 [DAY 9]  

TOTAL DAYS 189 – 07 HOURS 30 MINUTES

By the close of trade on Thursday, the South African rand strengthened against the US dollar.

  • In the early hours of this morning a tweet by US President Trump that both He and FLOTUS tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER! President Donald Trump and first lady Melania Trump are beginning the self-quarantine process after Hope Hicks, one of his closest senior advisers, tested positive for the coronavirus. Some of the details remained unclear Thursday night, but a source familiar with the situation said Hicks tested negative Wednesday morning, before a trip to Minnesota for a Trump rally, and was not believed to have been showing any symptoms before departure. Hicks, who apparently began showing minor symptoms sometime late Wednesday, quarantined on Air Force One on the trip back.
  • Prospects of further stimulus in the US. In the US, the number of people filing new claims for jobless benefits fell for the week ended 25 September, while personal income dropped in August, underscoring the need for another government rescue package for businesses and the unemployed.
  • The ISM manufacturing PMI unexpectedly dropped in September, as new orders retreated. In contrast, US construction spending rose more-than-expected in August, as historically low interest rates boosted homebuilding.
  • The yield on benchmark government bonds mostly fell yesterday. The yield on 2026 bond declined to 7.20%. Further, the yield on 2023 bond advanced to 4.52%, while that for the longer-dated 2030 issue dropped to 9.39%.

In early trade on Friday, the US dollar is trading 0.2% higher against the South African rand at R16.6444, while the euro is trading 0.1% lower at R19.5032.  The British pound has gained 0.1% against the South African rand to trade at R21.4032.

By the close of trade on Thursday, the euro advanced against most of the major currencies.

  • Germany’s manufacturing PMI accelerated in September, compared with its August reading, as output grew at the fastest pace in more than two years. In the eurozone, manufacturing activity gathered pace last month but it was largely driven by strength in powerhouse Germany.

In early trade on Friday, the euro slipped 0.2% against the US dollar to trade at $1.1719, while it has marginally gained against the British pound to trade at GBP0.9113.

TECHNICAL

USD to ZAR

Stats Data Last 30 days Last 90 days
High 17.1279 17.7054
Low 16.1678 16.1678
Average 16.7214 16.8970
Volatility 1.12% 0.95%

GBP to ZAR

Stats Data Last 30 days Last 90 days
High 22.4509 23.1524
Low 20.9787 20.8806
Average 21.6259 21.8559
Volatility 0.85% 0.84%

EUR to ZAR

Stats Data Last 30 days Last 90 days
High 19.9921 20.8201
Low 19.1574 18.9341
Average 19.6982 19.7816
Volatility 0.98% 0.86%

AUD to ZAR

Stats Data Last 30 days Last 90 days
High 12.3277 12.6675
Low 11.8243 11.6222
Average 12.0696 12.0964
Volatility 0.81% 0.78%

MUR to ZAR

Stats Data Last 30 days Last 90 days
High 0.43019 0.44568
Low 0.40606 0.40606
Average 0.41972 0.42395
Volatility 1.2% 1.13%

CNY to ZAR

Stats Data Last 30 days Last 90 days
High 2.51783 2.54178
Low 2.38952 2.34419
Average 2.45431 2.44420
Volatility 1.05% 0.9%

COVID NEWS:

https://mediahack.co.za/datastories/coronavirus/dashboard/

Provincial

https://mediahack.co.za/datastories/coronavirus/provinces/