After a strong Q1 in 2022 for the ZAR (which has been the trend over the past few years), the rand could be in for a turnaround. Before delving into potential Q2 influences it is important to remin.
The S&P 500 has staged an extraordinary rally since stimulus measures were implemented in the wake of the outbreak of the Covid-19 pandemic in early 2020.
that is mostly about denying russia the prestige it wants on the world stage, to be a member of a major u.n. body. it s all part of the moves like the vote in the senate today to stop trade with russia between the u.s. and moscow. that is also part of the u.s. goal as they are asking europe to cut its trade with russia. it helps say, look, we re doing it, we know it s harder for you, tell us how we can help and all of this is the thousand cuts against moscow that are intended to basically show that it s going to be punished, it s not going to get away with this economically and hopefully, eventually, have an effect on the upper and middle class in russia that putin would then respond to. colonel, i wonder, everything is shifting east now.