Michael Keenan Rand Quotations

If the gold price can sustain its latest surge then I think the rand will enjoy a bit of short-covering into the weekend. I would be targeting the mid-teens, around 6.13/dollar.

The rand is still stuck in a range, but with a firmer bias. This has been a function of the renewed rise in precious metals prices. The rand is once again making use of its commodity status.

I think it was pretty neutral from a rand perspective but he did a paint pretty optimistic outlook for the rand.

The weaker rand is causing some of the bulls to lock in profits. It could have been worse had it not been for the slightly better-than-expected inflation numbers and the fact that oil prices have started to drift lower.

A rise in global demand, the relatively low cost of capital and a weaker rand have all helped lift manufacturing.