Rand strong be­fore weak­en­ing

And Bri­tish pound is now be­ing tested

Finweek English Edition - - COMPANIES&MARKETS -

FOR MANY, the most in­ter­est­ing devel­op­ment over the hol­i­day sea­son was the strength of the rand against the US dol­lar. It’s now reach­ing its min­i­mum tar­get (shown in this col­umn early in De­cem­ber). The ques­tion is where to from here? We update the rand’s chart as well as that of the Bri­tish pound/rand. The rand is now test­ing a multi-year re­sis­tance level against the pound. But both charts point to more rand strength be­fore a pro­longed phase of weak­ness again.

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