Zo,
De Rand staat lekker te pieken op 12.84 per euro en dat is op z'n zachts gezegd uitzonderlijk, juist omdat alle andere emerging market munten aan het dippen zijn geslagen mede door wat internationale beroering links en rechts.
Markt handelaren verwachten een teruggang naar de 14 ( 9.4+ tov de dollar ) en anders moeten ze volgens eigen zeggen hun huiswerk op de Rand nog maar 's over doen.
Ik houd 't op een seizoenspiek. Heb er het volle vertrouwen in dat de Zuma kliek alle mogelijkheden tot een beter en gezonder SA perfect en volgens plan gaan saboteren voor hun eigen voordeel waardoor niet alleen het vertrouwen ook in SA verder daalt maar de credit crunch ( armen armer, rijken rijker ) juist in SA z'n uitwerking niet kan missen.
Aryan
_____
http://www.busrep.co.za/index.php?fArticleId=4777121&fSectionId=564&fSetId=662
Rand bucks market trend
December 31, 2008
By Evan Pickworth
Johannesburg - The rand bucked the emerging market downtrend after the attacks in Gaza thanks to exporter interest to chart its own course into stronger territory on Tuesday.
At 8.20am the rand was bid at R9.4450 to the dollar from an overnight close of R9.5080. It was bid at R13.2991 to the euro from a previous R13.2025 and at R13.6800 against the pound from R13.6115 before.
The euro was bid at $1.4038 from $1.3957 overnight.
“The rand is stronger on export interest ahead of year end,” explained a senior Johannesburg-based currency dealer.
The dealer said he felt the R9.40 was key as the previous bottom and that if the market could close the month and year better than that, it was possible levels in the eight's could be seen in the new year.
“But the data is not really making sense and we will have to relook the fundamentals in the new year,” he added.
Click here!
The currency dealer also pointed out that the attacks by Israel on the Hamas-controlled Gaza strip was a problem for emerging markets, especially emerging Europe, but the rand had strengthened despite this.
“It shows we are moving on our own,” the dealer said.
Dow Jones Newswires reported the euro is rising against the dollar and yen Tuesday, resuming its recent rally. Resistance now looms at $1.4100 and some traders are betting on $1.4200.
On Monday, the dollar rebounded in thinly traded currency markets, but the Swiss franc performed best as traders sought a safe haven in a troubling global environment.
“When you look at the net changes we've seen, the (Swiss franc) is the big mover, and I think a lot of that would have to do with just a flight to quality,” said George Davis, chief technical analyst for foreign exchange at RBC Capital Markets.