vrijdag 5 december 2008

EUR/ZAR 550 days points 15/18R in early 2009



Information keep coming in knitting a tangled web of information called 2009. The rand has been relatively stable in the current bandwidth but the October drop clearly visible in the graph to the right here drummed up the next sharp drop of the Rand as it currently trades round and about 13R per euro. When the verified numbers of 2008 finally surface and the 'event' in January coupled with another market jitter a Eur/Zar spike to 20R will rattle the SA market heralding another drop of the Rand to the 15/18R area.

Geen opmerkingen: