With the realisation that World War III is delayed, at least for now and until the next tweet, global markets have stabilised after US President Donald Trump’s televised address on Wednesday.
The markets fluctuated after Trump last week ordered the killing of Iran’s top military commander Qassem Soleimani. The rand strengthened during the December holidays to R13.96 against the dollar, but weakened to R14.37 against the dollar after Soleimani was killed. On Thursday the rand had weakened to R14.15.
Economists have been calling for an interest rate cut to bolster the country’s weak economy, but the Reserve Bank’s monetary policy committee voted at its last meeting to keep it unchanged at 6.5%.
Global markets are useless. 176 people have been killed by Iran, nothing happened to the fake global markets
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