What a week this has been! Let’s get straight to it.
DATA OF THE WEEK:
The biggest data point of the week was the United States Federal Reserve’s Announcement & speech on the US Interest Rates. The expected happened and the lending rate dropped by 25 BP, but what really moved markets wat the Fed’s speech after the fact where they insinuated that they are not expecting to lower rates in the coming months further but will rather adjust rates in he future as they see fit.
THE RAND
The Q2 Unemployment data caused the Rand to see some inter day volatility, but the low number was rather expected my markets.
The FOMC speech on the 31st led to USD strength accross the board, but also the Rand to lose 2.91% since the hour of the announcement.
I am not very prepared for this post, and that is all I have for this week. I will do better next Saturday.
RedPill Analytics 