“The currency is likely to be guided movements in commodity prices as there's no market moving data locally. The rand will be a touch softer if gold keeps losing ground.”
“Further gains from here may prove a little difficult as Japanese investors will be looking to take profit from the rally ahead of their year-end (today).”
“Given the very strong correlation which exists between the trade-weighted rand and the commodity indices, it is extremely difficult to call for a weaker rand in the current environment.”
