Thu Oct 20 21:50:05 SAST 2016

Rand rises after Hillary Clinton emerges as US presidential debate winner

By Reitumetse Pitso | Oct 10, 2016 | COMMENTS [ 1 ]

Republican U.S. presidential nominee Donald Trump greets Democratic U.S. presidential nominee Hillary Clinton after their first presidential debate at Hofstra University in Hempstead, New York, U.S., September 26, 2016.    REUTERS/Brian Snyder

The rand strengthened slightly on Monday morning after Friday’s disappointing US employment data and support by the presidential debate favouring emerging markets.

The presidential debate that took place in the early hours of the morning favoured US Democratic nominee Hillary Clinton over Republican Donald Trump.

TreasuryOne head of dealing Wichard Cilliers said the presidential debate was causing further volatility in emerging markets‚ “especially with the Mexican peso‚ with Clinton leading the way“.

“The Mexican peso is considered a barometer for [foreign-exchange] market views on Trump’s chances of winning‚ which has trimmed its advance after rising nearly 2% against the dollar‚ as the republican candidate was questioned over a video in which he could be heard describing groping women.

This gives Clinton much ground to stand on as she edges up against Trump in the polls‚” said Cilliers.

Last week‚ the US nonfarm payrolls report noted an increase of 156‚000 jobs against expectations of 175‚000 jobs created.

“The odds for the Fed to hike in December have inched up to 64%‚” said Cilliers.

Nedbank analysts said that the rand would remain volatile but stronger against the dollar‚ with global majors upbeat after a weaker dollar.

At 11.31am‚ the rand was at R13.7755 to the dollar from Friday’s R13.9168. It was at R15.3891 to the euro from R15.4962 and R17.1018 to the pound from R17.1884.

The euro was at $1.1172 from $1.1179 previously. – TMG Digital/BDlive



Login OR Join up TO COMMENT


PLEASE READ THIS Hello every one. I am here to share my testimony which might be of help to you also. I really appreciate what Chief Dr Lebo of website: has done in my life. I had issues with my boyfriend 8 months ago which lead to our breakup. I pleaded and pleaded to him but he never listened. So confuse and restless, he took his bag and left the house. This have caused me pains and sorrow. After some weeks, i met my old time friend and she was asked about Michael my boyfriend. I was sad, she looked at my face and said what the matter was as i looked worried and i have reduced in nature. I told her everything that happened. She was shocked to hear my situation. On that grand, she told me not to worry about anything at all, she ask me how long now and i said up to 8 months now. she Said alright that there is a solution for the issue so i said OK, after 2 days she gave me a website and told me to contact this great man called CHIEF Dr LEBO, which i did. I told him everything that has happened, after which he told me not to think and worry anymore that my boyfriend is going to come back within 24 hours that he is giving me his word. I said OK. He told me what is to be done and i did everything accordingly. Exactly 24 hours, it was very early in the morning which i had a call on my cell phone and looking at the number it was Michael's number. I was So happy to see the great work CHIEF DR. LEBO just did for me, so i pick the call and he was crying, begging me to forgive him that he will never do anything to hurt me again. I had no option but to accept him back because i miss him so much, so right now we are together in happiness, i will advice anyone in need of help to contact Chief Dr. Lebo Email: Website: or Call & WhatsApp +27631394550

Oct 10, 2016 11:5 | 0 replies