{"id":36870,"date":"2022-09-12T17:48:55","date_gmt":"2022-09-12T17:48:55","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says"},"modified":"2022-09-12T18:24:22","modified_gmt":"2022-09-12T18:24:22","slug":"rand-will-outperform-other-em-currencies-next-year-socgen-says","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says","title":{"rendered":"Rand will outperform other EM currencies next year, SocGen says"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The rand will outperform emerging-market currencies in the coming year, supported by higher interest rates and China\u2019s infrastructure stimulus, according to Societe Generale SA strategists.<\/p>\n

They\u2019re predicting a 3.5% gain by year-end, compared with an average 2.5% losses on average for other emerging-market currencies. Among 19 other peers, the rand is the only one that SocGen lists its outlook as “slightly bullish”, according to a note on Monday by strategists, including Phoenix Kalen and Marek Drimal.<\/p>\n

“We believe that most EM currencies will perform poorly in spot terms over the next year,” they wrote.<\/p>\n

They see the rand strengthening to 16.50 per dollar in the last quarter of 2022, and to 15.80 by the third quarter of next year. It was trading around 17.06 per dollar on Monday.<\/p>\n

The rand has been hit this year by the resurgent dollar and South Africa\u2019s economic woes. It lost more than 5% against the dollar over the past month, making it the second-worst performing emerging-market currency.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The rand will outperform emerging-market currencies in the coming year, supported by higher interest rates and China\u2019s infrastructure stimulus, according to Societe Generale SA strategists. They\u2019re predicting a 3.5% gain by year-end, compared with an average 2.5% losses on average for other emerging-market currencies. Among 19 other peers, the rand is the […]<\/p>\n","protected":false},"author":84,"featured_media":36869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,3347,2022,1187,275],"class_list":["post-36870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-currencies","tag-markets","tag-rand","tag-south-africa-2"],"yoast_head":"\nRand will outperform other EM currencies next year, SocGen says - South Africa<\/title>\n<meta name=\"description\" content=\"The rand will outperform emerging-market currencies in the coming year, supported by higher interest rates and China\u2019s i ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rand will outperform other EM currencies next year, SocGen says\" \/>\n<meta property=\"og:description\" content=\"The rand will outperform emerging-market currencies in the coming year, supported by higher interest rates and China\u2019s i ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-12T17:48:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-12T18:24:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_23-631f792cc90a7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"602\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rand will outperform other EM currencies next year, SocGen says\",\"datePublished\":\"2022-09-12T17:48:55+00:00\",\"dateModified\":\"2022-09-12T18:24:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says\"},\"wordCount\":180,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_23-631f792cc90a7.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"currencies\",\"markets\",\"rand\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-will-outperform-other-em-currencies-next-year-socgen-says\",\"name\":\"Rand will outperform other EM currencies next year, SocGen says - 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