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22 Feb

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Rand lifts on commodities boom – but is it a supercycle?

Lameez Omarjee

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Rand notes.

Rand notes.

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The rand has averaged R15 to the greenback, so far, during the first quarter of the year. Its gains have been driven by a global investor risk-on sentiment, as well as a boom in commodities' prices. Analysts expect the rand to continue to strengthen as the global growth outlook continues to improve.

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Currencies Commodities Jse Indexes

ZAR/USD

15.08

(-1.06)

ZAR/GBP

21.04

(-1.05)

ZAR/EUR

18.19

(-0.86)

ZAR/AUD

11.74

(-0.53)

ZAR/JPY

0.14

(-0.81)

Gold

1715.40

(-1.18)

Silver

26.17

(-1.90)

Platinum

1172.00

(-1.92)

Brent Crude

62.54

(-1.55)

Palladium

2359.50

(-0.55)

All Share

68326.79

(-0.27)

Top 40

62861.62

(-0.39)

Financial 15

12571.60

(+0.02)

Industrial 25

89680.18

(+0.59)

Resource 10

69225.70

(-1.86)

All JSE data delayed by at least 15 minutes

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