简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:According to strategists at Societe Generale SA, the rand will outperform emerging-market currencies in the upcoming year due to increased interest rates and China's infrastructure stimulus.
According to strategists at Societe Generale SA, the rand will outperform emerging-market currencies in the upcoming year due to increased interest rates and China's infrastructure stimulus.
Keeping up with the most recent forex news can be challenging. WikiFX is a forex broker inquiry app that fortunately keeps everyone up to date on all the most recent forex scams. They are also very knowledgeable about the markets and the business. The Play Store and App Store both sell the WikiFX app.
By year's end, they forecast a 3.5% gain, versus an average loss of 2.5% for other emerging-market currencies. According to a report published on Monday by strategists Phoenix Kalen and Marek Drimal, SocGen's outlook is only “somewhat optimistic” for the rand among 19 other peers.
The majority of EM currencies, they said, “would fare poorly in spot terms during the next year.”
In the last quarter of 2022, they predict that the rand would increase to 16.50 per dollar, and by the third quarter of the following year, to 15.80. On Monday, it was trading at about 17.06 per dollar.
This year, the stronger dollar and South Africa's economic difficulties have hurt the rand. The second-worst performing emerging-market currency over the previous month, it lost more than 5% of its value against the dollar.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
When a country’s currency appreciates or depreciates in value, it reflects the underlying shifts in its economy and global market dynamics. For forex traders, understanding what drives these fluctuations—and how to strategically prepare for them—can make the difference between profit and loss in an ever-volatile market.
Dukascopy marks 20 years of excellence in trading, offering JForex, MT4/5, 1,200+ instruments, and global banking, dedicated to trust and innovation.
Track key forex pairs like EUR/USD, USD/JPY, and USD/MXN for insights on volatility and market sentiment during this U.S. election week, November 5, 2024.
In the current political climate, understanding the policy differences between the main candidates has become increasingly important. As the 2024 U.S. presidential election approaches, the intense rivalry between Trump and Harris not only influences voters' decisions but also determines the future direction of the nation at a crucial time. With voting imminent, voters face two distinctly different governance philosophies and policy directions that impact not only U.S. domestic and foreign policy but also profoundly affect the global investment landscape.