Daily Market Report
Daily Market Report 5 Aug 2026
Daily Market Report
Daily Market Report 4 Aug 2026
Daily Market Report
Daily Market Report 3 Aug 2026
Daily Market Report
Daily Market Report 31 July 2026
Filtered (77)
• This week’s local GDP and current account data surprised to the upside, led by a greater-than-expected current account surplus
Some relief for the ZAR, but risks remain
15 June 2026
Read More
There has been a turnaround in South African interest rate expectations since the start of the Middle East war.
Oil shock fuels SA inflation and rate hike bets
25 May 2026
Read More
Cheap in Dollars, Expensive in Rands: What the Global Latte Index Reveals About South Africa
Cheap in Dollars, Expensive in Rands: What the Global Latte Index Reveals About South Africa
22 May 2026
Read More
Viewpoint: Oil shock implications for the ZAR
24 April 2026
Read More
• There are early indications that US, Iranian and Israeli authorities are progressing towards a peace deal in the Middle East.
Viewpoint: War shows signs of ending and ZAR looks better
20 April 2026
Read More
One would be forgiven for thinking that the war in Iran and the complex consequences it could drive would be tearing financial markets apart.
Viewpoint: ZAR impressively resilient given the war
13 April 2026
Read More
Viewpoint: Scary potential for further fuel price jump in May
9 April 2026
Read More
Given the current balance of risks, exporters will need to plan their strategies to take advantage of any near-term ZAR depreciation and secure some of the best forward rates they have seen in months.
Three risk factors conspiring to undermine the ZAR
23 March 2026
Read More
Oil Makes Headlines. Diesel Moves the Economy.
Oil Makes Headlines – Diesel Moves the Economy
19 March 2026
Read More
Bringing some sanity to recent market moves
13 March 2026
Read More
Oil Market Disruption Risk
9 March 2026
Read More
Oftentimes, investors look for fundamental justification for a market move to explain it. Most of the time, the diagnosis is wrong. Most forecasters, including the SARB, have a very poor track record in their currency forecasts.
Market positioning suggests ZAR is getting stretched
2 February 2026
Read More
ZAR performance compares well with EM currencies
ZAR performance compares well with EM currencies
26 January 2026
Read More
BoJ hike impacts carry trades, but less so the ZAR
22 December 2025
Read More
The current account is a useful tool for gauging South Africa’s external position. South Africa’s current account deficit narrowed to -R57bn in Q3 from a revised reading of -R72.2bn in Q2.
Current account a pillar of ZAR resilience
12 December 2025
Read More
Calling a bubble is hazardous and may trigger a bad call on the ZAR
Calling a bubble is hazardous and may trigger a bad call on the ZAR
2 December 2025
Read More
ZAR Sentiment Indicator Points to Consolidation Amid Low Volatility
27 October 2025
Read More
Rare Earths and Why SA Suddenly Matters
Rare Earths and Why SA Suddenly Matters
20 October 2025
Read More
Platinum and gold price surge boosts ZAR but sustainability of move a concern
13 October 2025
Read More
Portfolio flows and terms of trade buffer ZAR against tariffs
Portfolio flows and terms of trade buffer ZAR against tariffs
30 September 2025
Read More
ZAR to find support as carry trades come back in vogue
15 September 2025
Read More
treasuryone-south-africa-sarb-review
The Paradox of a Weakening Economy Supporting the Rand
1 September 2025
Read More
SARB’s inflation efforts are key to helping ZAR
SARB’s inflation efforts are key to helping ZAR
25 August 2025
Read More
Weaker oil prices a boon for ZAR
18 August 2025
Read More
Tariffs kick in, but ZAR is weathering the storm
11 August 2025
Read More
Argentina shows SA what reform can achieve
22 July 2025
Read More
Argument for a weaker USD continues to build
Argument for a weaker USD continues to build
14 July 2025
Read More
Dynamic FX Hedging in South Africa
Dynamic FX Hedging in South Africa
9 June 2025
Read More
How TreasuryONE Helps Importers Get the Best Forex Rates
How TreasuryONE Helps Importers Get the Best Forex Rates
27 May 2025
Read More
How Exporters Get the Best Forex Rates with TreasuryONE
How Exporters Get the Best Forex Rates with TreasuryONE
27 May 2025
Read More
2025 Budget 3.0 Review
2025 Budget 3.0 Review
26 May 2025
Read More
ZAR sentiment bolstered on GNU and inflation expectations
19 May 2025
Read More
Despite global uncertainty, ZAR holds its own
Despite global uncertainty, ZAR holds its own
13 May 2025
Read More
Soft inflation environment will support ZAR
29 April 2025
Read More
GNU stress has impacted heavily on sentiment
GNU stress has impacted heavily on sentiment
22 April 2025
Read More
Gold not what it was, but still helps ZAR
Gold not what it was, but still helps ZAR
31 March 2025
Read More
What could spark a US recession?
What could spark a US recession?
17 March 2025
Read More
2025 Budget First Take
2025 Budget First Take
13 March 2025
Read More
Global Market Update March 2025
Global Market Update March 2025
12 March 2025
Read More
Currency Risk Management
ZSI surges to support ZAR but financial market volatility is a risk
3 March 2025
Read More
Postponed budget
A postponed budget is better than a bad budget
20 February 2025
Read More
A Defining Budget: Unlocking Growth Through Reform and Private Sector Empowerment
A Defining Budget: Unlocking Growth Through Reform and Private Sector Empowerment
19 February 2025
Read More
AGOA
AGOA loss in context
17 February 2025
Read More
The Gold Market is Heating Up: What Rising Borrowing Costs Could Mean for You
The Gold Market is Heating Up: What Rising Borrowing Costs Could Mean for You
6 February 2025
Read More
Are DeepSeek concerns already overblown?
Are DeepSeek concerns already overblown?
5 February 2025
Read More
USD strength the order of the day amid Trump’s tariffs and hawkish US Fed
USD strength the order of the day amid Trump’s tariffs and hawkish US Fed
4 February 2025
Read More
Viewpoint Seven Years On Land Expropriation Law Signed, Sparks Debate
Viewpoint Seven Years On: Land Expropriation Law Signed, Sparks Debate
3 February 2025
Read More
London Gold Shipments to the U.S. Spark Surge in Loco South Africa Costs
London Gold Shipments to the U.S. Spark Surge in Loco South Africa Costs
30 January 2025
Read More
Navigating Risk in the Forex Market
Navigating Risk in the Forex Market
14 January 2025
Read More
China economy
China’s slowdown becomes a constraint
13 January 2025
Read More
A busy central bank week lends support to the USD
A busy central bank week lends support to the USD
20 December 2024
Read More
The pace of global monetary easing and the effect on currencies
The pace of global monetary easing and the effect on currencies
18 December 2024
Read More
Big Mac Index
Quirky Economic Indexes in South Africa: A Playful Look at Serious Numbers
10 December 2024
Read More
treasuryone-south-africa-trump-policies
Assessing Trump’s Policies: Economic, Immigration, and Market Impacts
19 November 2024
Read More
treasuryone-south-africa-Capital-push-pull-factors
Capital push and pull factors align to support ZAR outlook
31 October 2024
Read More
treasuryone-south-africa-terms-of-trade
SA’s trade dynamics remain ZAR supportive… for now
29 October 2024
Read More
treasuryone-south-africa-zar-best-performing-currency
ZAR becomes the best-performing EM currency this year
30 September 2024
Read More
treasuryone-south-africa-sarb-interest-rates-federal-reserve
Global monetary easing
16 September 2024
Read More
treasuryone-south-africa-rand-shine
Has the Rand brand lost some of its shine?
29 August 2024
Read More
Navigating Exchange Rate Fluctuations
Navigating Exchange Rate Fluctuations: A Guide by TreasuryONE
27 August 2024
Read More
treasuryone-south-africa-bond-trade
Bond flows underpin ZAR gains
27 August 2024
Read More
treasuryone-south-africa-financial-market-wobble
Financial Market Wobble
12 August 2024
Read More
TreasuryONE-South-Africa-risks-benefits-two-pot-retirement-system
The risks and benefits of SA’s two-pot system
5 August 2024
Read More
treasuryone-south-africa-ZAR-carry-attractiveness
ZAR poised to capitalise on volatile USD
29 July 2024
Read More
treasuryone-south-africa-ZAR-carry-attractiveness
A “new new dawn” for SA?
3 July 2024
Read More
treasuryone-south-africa-ZAR-carry-attractiveness
ZAR carry attractiveness jumps up the rankings
24 June 2024
Read More
Navigating Exchange Rate Fluctuations
Navigating Exchange Rate Fluctuations: Why Foreign Exchange Risk Management Matters
27 May 2024
Read More
Treasuryone-south-africa-zar-surge-after-elections
Given market positioning, ZAR could surge after the elections
20 May 2024
Read More
treasuryone-south-africa-eskom
Sustained ZAR under-performance domestically linked
23 April 2024
Read More
TreasuryONE-South-Africa-Terms-Of-Trade
SA’s terms of trade enjoy a boost at the perfect time
16 April 2024
Read More
TreasuryONE-South-Africa-Yields-Differentials-Currency-Outlook
Yields Differentials vs Currency and Outlook
10 April 2024
Read More
Treasurone-south-africa-election
South Africa’s Upcoming Watershed Election
4 April 2024
Read More
treasuryone-south-africa-fiscal-risk
SA’s fiscal risk restricts ZAR performance
5 March 2024
Read More
treasuryone-south-africa-us-exceptionalism-usd-strenght
US exceptionalism at the tail end of its cycle
13 February 2024
Read More
treasuryone-south-africa-Rising-shipping-rates-raise-inflationary-pressure
Rising shipping rates raise inflationary pressure
29 January 2024
Read More
treasuryone-south-africa-Disparity-weakening-US-economy-and-investor-sentiment
Disparity between a weakening US economy and investor sentiment
18 January 2024
Read More
treasuryone-south-africa-Global-growth-facing-strengthening-headwinds
Global growth facing strengthening headwinds
15 January 2024
Read More