Rand set to break 5-year pattern of decline, claim analysts

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Johannesburg - The rand is on the verge of bucking a five-year losing trend.

Instead of holding a trajectory that has seen it lose more than 50% of its value against the dollar since 2011, South Africa’s currency may be about to end a pattern of annual declines, according to Informa Global Markets, which analyses technical trends.

The most-accurate rand forecasters support the view that the rand will continue to benefit from the global clamour for yield.

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Rand - Dollar
14.74
+0.5%
Rand - Pound
20.24
-0.4%
Rand - Euro
17.31
+0.1%
Rand - Aus dollar
10.77
-0.4%
Rand - Yen
0.13
+0.9%
Gold
1,750.72
-1.0%
Silver
22.63
-0.2%
Palladium
1,996.50
-1.6%
Platinum
999.50
-0.2%
Brent-ruolie
76.19
+2.5%
Top 40
57,643
+1.2%
All Share
64,049
+1.1%
Resource 10
57,254
+0.5%
Industrial 25
82,879
+1.7%
Financial 15
14,317
+1.0%
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