George Glynos Quotes

We have seen a recovery in the gold price and commodity currencies have consolidated slightly off their lows, which bodes well for rand resilience. The rand could trade closer to 6.20/22/US$.

- George Glynos

Tags

Recovery | Gold | Price | Commodity | Currencies |

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If you look at the historical volatilities of the rand you'll find they have declined through the year. - George Glynos

It's mainly the commodity play that's keeping the rand resilient. - George Glynos

The rand is coming under a bit of pressure on the back of very strong retail sales data out of the US, but I'm not expecting it to weaken too much further given that the Budget tomorrow is taking centre stage with the locals. It should remain in a 6.12 to 6.20 range. - George Glynos