South Africa is showing signs of easing inflationary pressures on July 20thKeeping the policy interest rate unchangedand,There are signs of improvement in the outlook for the economy.
The South African Rand, which also has a relatively high gold interest rate, is more likely to benefit from this, with the potential to remain firm in the short term.There is a possibility of a firm short-term trend.
It is important to be aware that if the expectation of a soft landing is shattered, the Rand may suddenly come under downward pressure.It is important to keep this in mind.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.