The Rand opens at R17.72 as global markets react to a massive US/EU trade deal and anticipated rate decisions from the FED and SARB. With tariffs easing, investor confidence is building could this be a turning point for emerging markets?

After six straight months of decline, the Dollar Index (DXY) appears poised to record its first monthly gain of 2025, while the Euro is on track for its first drop this year. The Rand, having briefly touched R17.98/USD yesterday, is holding its breath, hoping this isn’t the start of a sustained Dollar rally.

After six straight months of decline, the Dollar Index (DXY) appears poised to record its first monthly gain of 2025, while the Euro is on track for its first drop this year. The Rand, having briefly touched R17.98/USD yesterday, is holding its breath, hoping this isn’t the start of a sustained Dollar rally.

Panic selling during times of heightened volatility is a tempting trap, and many investors would have done exactly that when Middle East headlines were dire. But sentiment can change in an instant and those who held their nerve have now enjoyed a 13 day winning streak for the Nasdaq index, it’s longest up run since 1992!!!

Markets remain volatile as Middle East tensions continue, keeping energy prices high and the Rand under pressure.

Markets remain volatile as Middle East tensions continue, keeping energy prices high and the Rand under pressure.