It’s the last day of June and with it the first half of 2025 is coming to a close. Safe to say it has been a good six months for the Rand as we opened the year at R18.86 to the Dollar and find ourselves at R17.80 this morning, this as the Dollar Index is about to notch up its worst first half of a year since the 1970’s.

In a twist worthy of the tabloids, Scotland may soon host a “Seagull Summit” after repeated reports of aggressive gull attacks. Former Tory leader Douglas Ross warned that inaction might lead to fatalities, urging the government to act before someone is “killed by a gull.” Meanwhile, back in financial markets, the Rand continues to fly high.

The Rand continues to hover just below R18.00/USD as US inflation climbs to 2.7% in June. Find out how global markets and the FED outlook are shifting, and what it means for South African investors.