Wednesday, 6th July 2022
<To guardian.ng
Search

Rand falls victim to Trump’s trade war

The rand is scrambling but keeps slipping as it gets caught up in major global conflicts. China has retaliated with a currency move in the trade wars, Boris Johnson is set to go ahead with no-deal Brexit and U.S markets are still left reeling from the Fed rate cut. What does all this mean for the currency market? Joining me in studio for more is Andre Cilliers, Director & Currency/Markets Expert, TreasuryONE.

Related

27 Dec 2020
Hundreds of angry Iraqis protest in several cities against a currency devaluation that has slashed their purchasing power amid a pandemic-fuelled economic crisis. The Central Bank of Iraq (CBI) at the weekend devalued the currency by over a fifth against the US dollar, officially re-pegging the dinar at a bank rate of 1,460 to the greenback.
26 Dec 2020
Here are a few reasons to pick up a copy of The Guardian on Sunday. Find these stories and much more when you grab a copy of The Guardian on Sunday.⁣ ⁣
22 Feb 2021
The change is a key reform demanded by foreign donors and the International Monetary Fund (IMF). The country is hoping to overhaul its debt-laden, inflation-hit economy.
26 Feb 2021
Vice President Yemi Osinbajo has disagreed with the Central Bank of Nigeria to ban Crypto-Currencies transactions in the country. Osinbajo spoke at the CBN/Bankers Committee’s Initiative for Economic Growth in Lagos and called on the CBN and the Securities and Exchange Commission to put in place a robust framework for the regulation of Crypto-Currencies. The CBN had ban Crypto-Currencies usage in Nigeria a few weeks ago.
3 Mar 2021
Our guest is Paulin Basinga, Director of Health, Africa for the Bill and Melinda Gates Foundation. He says the "resilience" of people and health programmes in place across Africa mean both Ebola and the coronavirus can and will be tackled. Basinga spoke to us as Guinea is dealing with a new outbreak of Ebola which has caused at least six deaths and as many other African countries are still dealing with Covid-19. He says the experience of tackling a variety of health issues means the continent has an advantage in knowing how to treat and contain such problems.
3 Mar 2021
Meat markets, traders in Lagos lament shortage of beef
21 Mar 2021
The global economy is beginning to recover from the Covid-19 pandemic – but what does that mean for the world's workers? With tens of millions of people still out of work, Manuela Tomei of the International Labour Organization tells FRANCE 24 that those who depend on the informal sector are suffering the most. She says there is "always a lag between economic recovery and labour recovery" and that it will take even longer for families to make up for wages lost during the pandemic.
12 Apr 2021
The International Monetary Fund has given a stark warning after "excessive risk-taking" in the markets by investors. Stocks around the world, especially those of tech firms, have surged during the coronavirus pandemic.
9 Apr 2021
The Royal Editor of London's Evening Standard newspaper says that the late Prince Philip was a 'stable rock' for the Queen who found himself a role running family affairs after having to leave a promising career in the Royal Navy. Prince Philip has died at age 99, Buckingham Palace announced.
9 Apr 2021
Royal expert Phil Dampier says that the late Prince Philip made it his life's work to look after and support his wife Queen Elizabeth II. The Duke of Edinburgh has died at the age of 99. He had recently been hospitalised and underwent a successful heart procedure.
21 Apr 2021
Queen Elizabeth isn't in a rush to discuss Prince Harry's tell-all TV interview, according to a royal expert.
16 May 2021
In this interview, a Mental Health expert, Kunle Pelemo, shares his views on mental health as the world celebrates this year's World Mental Health Day.