{"id":155597,"date":"2017-02-07T13:17:22","date_gmt":"2017-02-07T11:17:22","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=155597"},"modified":"2017-02-07T13:17:22","modified_gmt":"2017-02-07T11:17:22","slug":"rand-to-come-crashing-down-after-trumps-policies-are-explained-analysts","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/155597\/rand-to-come-crashing-down-after-trumps-policies-are-explained-analysts\/","title":{"rendered":"Rand to come crashing down after Trump&#8217;s policies are explained: analysts"},"content":{"rendered":"<p>The rand&#8217;s current rally is expected to come to sharp stop within the coming months, a Reuters analyst\u00a0<strong><a href=\"http:\/\/www.reuters.com\/article\/uk-forex-poll-emerging-idUSKBN15M0KL\" target=\"_blank\">poll <\/a><\/strong>showed\u00a0&#8211; with recent gains expected to be curtailed as soon as the economic policies of U.S. President Donald Trump become clearer.<\/p>\n<p>According to the median forecasts of strategists in the poll (taken between 2-6\u00a0February 2017), the Brazilian real, South African rand and Russian rouble are all set to give up gains in the coming six months.<\/p>\n<p>While the\u00a0Russian rouble is only set to shed 3%\u00a0to 60.90 roubles per dollar, the real and rand are expected to be the hardest hit with the real expected to lose almost 6% to 3.29 real per dollar, while the rand is forecast to give up 7% to R14.25.<\/p>\n<p>&#8220;We are not really seeing any dramatic shift in policy yet from the U.S. that impacts emerging markets in a negative way,&#8221; said Peter Attard Montalto, an economist at Nomura in London.<\/p>\n<p>&#8220;But that should come through (in) the next couple of months when we get the U.S. budget coming together.&#8221;<\/p>\n<p>Jo\u00e3o Pedro Resende, an economist at\u00a0S\u00e3o Paulo-based bank Ita\u00fa Unibanco, also highlighted\u00a0upcoming elections in Europe as a potentially risky event for the\u00a0rand, especially in France, where candidate Marine Le Pen promises to leave the currency union.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/energy\/155491\/a-big-hike-in-the-sa-fuel-levy-is-on-the-way-analysts\/\" target=\"_blank\">A big hike in the SA fuel levy is on the way: analysts<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rand&#8217;s current rally is expected to come to sharp stop within the coming months, a Reuters analyst poll showed.<\/p>\n","protected":false},"author":10,"featured_media":70463,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[25,3482],"class_list":["post-155597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-active","tag-reuters"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/155597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=155597"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/155597\/revisions"}],"predecessor-version":[{"id":155611,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/155597\/revisions\/155611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/70463"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=155597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=155597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=155597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}