Rand Forecasts Haven’t Been This Scattered Since at Least 2006
- South Africa’s assets boosted by commodities, at risk from Fed
- 2017 Rand predictions are most diverse in at least a decade
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It’s anyone’s guess where South Africa’s rand is headed.
Donald Trump’s U.S. election victory has caught the world’s most volatile currency in a tug of war, with end-2017 forecasts ranging from a 9 percent gain to a 14 percent retreat against the dollar, estimates compiled by Bloomberg show. That’s the widest distribution since at least 2006, when Bloomberg started tracking the data.